Key Points
- Major shareholder David Duffield sold 99,835 Workday shares for approximately $18.7 million, reducing his ownership by 48.7% to 105,049 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- Workday exceeded quarterly expectations, reporting adjusted EPS of $2.75 versus the $2.61 consensus and revenue of $2.65 billion, up 12.8% year over year.
- Workday is expanding its enterprise-AI strategy through an Anthropic partnership, new governed AI products and a planned acquisition of C1.ai, while analysts maintain a consensus “Hold” rating and a $205.55 price target.
Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 99,835 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $187.55, for a total value of $18,724,054.25. Following the transaction, the insider owned 105,049 shares in the company, valued at $19,701,939.95. The trade was a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Workday Trading Down 1.2%
Shares of NASDAQ WDAY opened at $186.02 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $190.66 and a two-hundred day simple moving average of $152.46. The firm has a market cap of $44.83 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $247.40.
Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business earned $2.21 EPS. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts expect that Workday, Inc. will post 5.33 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new position in shares of Workday in the 3rd quarter worth $304,000. GK Wealth Management LLC bought a new stake in Workday during the third quarter valued at about $72,000. Wedmont Private Capital grew its stake in Workday by 11.4% in the third quarter. Wedmont Private Capital now owns 3,064 shares of the software maker's stock valued at $575,000 after purchasing an additional 313 shares during the last quarter. GAMMA Investing LLC grew its stake in Workday by 41.0% in the third quarter. GAMMA Investing LLC now owns 6,144 shares of the software maker's stock valued at $1,170,000 after purchasing an additional 1,788 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Workday by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 7,757 shares of the software maker's stock valued at $1,477,000 after purchasing an additional 943 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Key Workday News
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday announced a partnership with Anthropic that will connect Claude’s reasoning capabilities with Workday’s Sana agents, data, permissions and business rules. Users will be able to find information, take actions and approve work through Claude or Sana, potentially improving Workday’s competitiveness in enterprise AI. Workday and Anthropic partnership
- Positive Sentiment: The company introduced or expanded Sana, Decision Intelligence, Work Intelligence and its headless Trusted Agent Platform. The products target HR, finance and IT workflows, allowing customers to build governed AI agents while preserving permissions, approvals and audit trails. Broader product adoption could support future growth and customer retention. Workday Decision Intelligence announcement
- Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform designed to manage access for employees and AI agents across enterprise systems. The deal could expand Workday’s security and governance capabilities, although financial terms and the transaction’s earnings impact were not disclosed. Workday C1.ai acquisition
- Neutral Sentiment: Workday underperformed the broader market in the latest session, suggesting investors may be taking profits or remaining cautious about valuation and the time required for the new AI initiatives to translate into financial results. Workday market performance analysis
- Negative Sentiment: Major shareholder David Duffield sold 99,835 shares worth approximately $18.7 million, reducing his ownership by 48.7%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value, but the sizable transaction may still weigh on sentiment. SEC insider sale filing
Analyst Upgrades and Downgrades
WDAY has been the subject of a number of research reports. Piper Sandler upped their price objective on shares of Workday from $145.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. Morgan Stanley increased their target price on shares of Workday from $145.00 to $180.00 and gave the stock an "underweight" rating in a report on Friday, August 28th. Jefferies Financial Group cut their target price on shares of Workday from $220.00 to $210.00 and set a "hold" rating on the stock in a research report on Thursday, October 8th. DA Davidson boosted their price target on shares of Workday from $135.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, August 28th. Finally, Freedom Broker lowered shares of Workday from a "buy" rating to a "hold" rating and boosted their price target for the company from $180.00 to $200.00 in a report on Friday, August 28th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $205.55.
Read Our Latest Research Report on Workday
About Workday
(
Get Free Report)
Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.
The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.
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