Key Points
- Workday CAO Mark Garfield sold 918 shares on July 10 at an average price of $142.19, totaling about $130,530. The sale was disclosed in an SEC filing and was executed under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Garfield still owned 73,718 shares of Workday, valued at roughly $10.48 million. The sale reduced his ownership by about 1.23%.
- Workday’s broader backdrop remains mixed but constructive: the company recently beat quarterly EPS and revenue estimates, while analysts have been broadly positive with a Moderate Buy consensus and a $184 average price target.
Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark Garfield sold 918 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $142.19, for a total transaction of $130,530.42. Following the sale, the chief accounting officer owned 73,718 shares of the company's stock, valued at approximately $10,481,962.42. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Workday Price Performance
Shares of NASDAQ WDAY opened at $139.81 on Wednesday. The company has a market capitalization of $34.53 billion, a PE ratio of 43.69, a P/E/G ratio of 1.55 and a beta of 1.11. 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, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The firm has a fifty day simple moving average of $130.44 and a 200 day simple moving average of $145.60.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The business's revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. On average, sell-side analysts forecast that Workday, Inc. will post 5.34 EPS for the current year.
Workday News Summary
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday has continued to attract bullish analyst attention, with some commentary arguing the stock looks undervalued relative to enterprise AI/software peers and supported by rising earnings estimates. Workday vs. Arista: Which Enterprise AI Stock Has More Upside Now?
- Positive Sentiment: Earlier in the week, enterprise software names, including Workday, bounced as investors rotated into oversold software stocks after weakness in semiconductors. Salesforce, Workday, and PagerDuty Stocks Trade Up, What You Need To Know
- Neutral Sentiment: Workday was highlighted in market commentary as a strong growth stock, but this was more of a style-score/valuation discussion than a fresh catalyst for shares. Here's Why Workday (WDAY) is a Strong Growth Stock
- Negative Sentiment: Large-shareholder selling by co-founder David Duffield added caution, even though the sale was made under a pre-arranged Rule 10b5-1 plan. Workday (NASDAQ:WDAY) Major Shareholder Sells 107,500 Shares of Stock
- Negative Sentiment: Broad software-sector weakness tied to IBM’s results and comments about budget shifts toward hardware has weighed on Workday alongside peers like HubSpot, Asana, and The Trade Desk. Software Stocks Sink as IBM Miss Delivers ‘Devastating Blow’
Analyst Ratings Changes
Several analysts have recently commented on the stock. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. DA Davidson set a $135.00 target price on shares of Workday in a research report on Tuesday, May 26th. Barclays raised shares of Workday from an "overweight" rating to a "buy" rating in a research note on Friday, May 22nd. Monness Crespi & Hardt upgraded shares of Workday from a "neutral" rating to a "buy" rating and set a $150.00 price target for the company in a report on Thursday, June 25th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $160.00 price target on shares of Workday in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus price target of $184.00.
Check Out Our Latest Analysis on WDAY
Institutional Trading of Workday
Several hedge funds have recently bought and sold shares of WDAY. Rakuten Securities Inc. bought a new stake in Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday in the third quarter valued at $26,000. DT Investment Partners LLC acquired a new position in shares of Workday during the fourth quarter valued at about $27,000. LRI Investments LLC acquired a new position in shares of Workday during the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Workday during the third quarter worth about $30,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Workday Company Profile
(
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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