Mark Garfield Sells 1,585 Shares of Workday (NASDAQ:WDAY) Stock

April 15, 2026 by InsiderTrades.com

Key Points

CAO Mark Garfield sold 1,585 shares of Workday on April 10 under a Rule 10b5‑1 plan at an average price of $113.05, trimming his stake by 4.8% to 31,467 shares.
Major shareholder David Duffield sold 107,500 shares (~$12.1M), roughly halving his holding — a large, disclosed insider sale that adds to the recent insider‑selling narrative.
Analysts have trimmed price targets while the stock maintains a "Moderate Buy" consensus target of $199.71; Workday recently beat quarterly EPS and posted 14.5% revenue growth, but shares are trading near the low end of their 52‑week range amid mixed broker notes.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark Garfield sold 1,585 shares of the firm's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $113.05, for a total value of $179,184.25. Following the completion of the transaction, the chief accounting officer owned 31,467 shares in the company, valued at $3,557,344.35. The trade was a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Stock Down 1.7%

Workday, Seriously, It’s Time to Buy This SaaS Leader

Shares of NASDAQ WDAY opened at $117.86 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $276.00. The stock has a market capitalization of $30.29 billion, a P/E ratio of 45.68, a PEG ratio of 1.16 and a beta of 1.14. The stock's fifty day moving average is $136.57 and its 200 day moving average is $189.60.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the business earned $1.92 earnings per share. Workday's revenue was up 14.5% on a year-over-year basis. Sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

The Late-Stage Bull Market Is a Buying Opportunity for Tech

A number of research analysts have issued reports on WDAY shares. UBS Group decreased their target price on Workday from $170.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. KeyCorp decreased their target price on Workday from $260.00 to $155.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. BMO Capital Markets decreased their target price on Workday from $204.00 to $182.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. DA Davidson decreased their target price on Workday from $250.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Finally, Evercore cut Workday from an "outperform" rating to an "in-line" rating and set a $160.00 target price on the stock. in a research report on Wednesday, February 25th. Nineteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $199.71.

Read Our Latest Research Report on WDAY

Workday News Summary

AI Disruption Overblown! 4 Software Stocks to Buy on the Dip

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday Government published research highlighting outdated federal finance systems and the need for modernization, positioning Workday as a vendor for urgent government spending and modernization programs. Outdated Technology Increases Risk and Impedes Mission Readiness for Federal Finance Teams
Positive Sentiment: FMG (a customer) implemented Workday to improve employee experience and analytics — a tangible customer win that supports recurring revenue and cross-sell potential. FMG Implements Workday To Transform Employee Experience
Positive Sentiment: Gloo is acquiring Enterprisemarketdesk (an EMD Workday Services Partner), which expands an ecosystem of AI-enabled Workday services for nonprofits and mid-market clients — a positive signal for partner-led adoption of Workday. Gloo to Acquire Enterprisemarketdesk
Neutral Sentiment: Earlier session coverage noted buying interest in oversold SaaS names (including Workday) amid market optimism; this shows investor rotation can help shares but is short-term and market-driven. HubSpot and Workday Stocks Trade Up, What You Need To Know
Negative Sentiment: Major shareholder David Duffield sold 107,500 shares (~$12.1M at ~$112.33 avg) under a Rule 10b5‑1 plan, cutting his holding roughly in half — a large, disclosed sale that can pressure sentiment even if pre-planned. Insider Selling: Major Shareholder Sells 107,500 Shares
Negative Sentiment: CAO Mark S. Garfield sold 1,585 shares under a Rule 10b5‑1 plan; while smaller, this adds to the insider‑selling narrative. CAO Insider Sale Filing
Negative Sentiment: Market writeups note analyst target cuts and mixed broker notes (several targets trimmed since earnings), which reduce near-term upside expectations versus previous consensus. Analyst Notes and Institutional Activity

Institutional Trading of Workday

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stance Capital LLC grew its holdings in shares of Workday by 3.7% during the fourth quarter. Stance Capital LLC now owns 6,238 shares of the software maker's stock worth $1,340,000 after purchasing an additional 223 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Workday by 12.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 178,827 shares of the software maker's stock worth $38,408,000 after purchasing an additional 20,016 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new stake in shares of Workday during the fourth quarter worth about $320,000. Larry Mathis Financial Planning LLC bought a new stake in shares of Workday during the fourth quarter worth about $216,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in shares of Workday during the fourth quarter worth about $237,000. 89.81% of the stock is currently owned by institutional investors.

About Workday

(Get Free Report)

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday's platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company's product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.