Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 107,500 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $128.52, for a total transaction of $13,815,900.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at approximately $13,500,897.48. This trade represents a 50.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Workday Stock Down 0.9%
Shares of NASDAQ:WDAY opened at $129.60 on Tuesday. The firm's 50 day moving average price is $128.05 and its 200 day moving average price is $158.82. The stock has a market cap of $32.01 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $249.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.
Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 5.4 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WDAY. The Goldman Sachs Group cut their price objective on shares of Workday from $206.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Piper Sandler raised their price objective on shares of Workday from $135.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Oppenheimer reissued an "outperform" rating on shares of Workday in a report on Thursday. Wells Fargo & Company raised their price objective on shares of Workday from $180.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, May 22nd. Finally, William Blair raised shares of Workday to a "strong-buy" rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $185.03.
Check Out Our Latest Stock Report on WDAY
Hedge Funds Weigh In On Workday
A number of institutional investors have recently modified their holdings of the business. Carmignac Gestion acquired a new position in shares of Workday in the 1st quarter valued at $59,438,000. Militia Capital Management LLC acquired a new position in shares of Workday in the 1st quarter valued at $466,000. NewEdge Advisors LLC increased its holdings in shares of Workday by 97.2% in the 1st quarter. NewEdge Advisors LLC now owns 10,857 shares of the software maker's stock valued at $1,411,000 after acquiring an additional 5,351 shares during the period. Ramiah Investment Group increased its holdings in shares of Workday by 25.5% in the 1st quarter. Ramiah Investment Group now owns 2,356 shares of the software maker's stock valued at $306,000 after acquiring an additional 479 shares during the period. Finally, Lavelle Capital LP acquired a new position in shares of Workday in the 1st quarter valued at $928,000. 89.81% of the stock is owned by institutional investors and hedge funds.
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.
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