David Duffield Sells 81,434 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 81,434 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $215.98, for a total transaction of $17,588,115.32. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $22,688,483.02. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $218.63 on Friday. The company has a market cap of $57.50 billion, a P/E ratio of 91.86, a P/E/G ratio of 2.47 and a beta of 1.15. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $283.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The firm’s fifty day moving average is $227.07 and its two-hundred day moving average is $231.85.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business posted $1.89 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Workday

Several hedge funds have recently added to or reduced their stakes in WDAY. Brighton Jones LLC boosted its position in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares during the period. Brooklyn Investment Group boosted its holdings in Workday by 26.6% during the 1st quarter. Brooklyn Investment Group now owns 1,409 shares of the software maker’s stock valued at $329,000 after acquiring an additional 296 shares during the period. Northern Trust Corp grew its position in Workday by 6.6% in the 1st quarter. Northern Trust Corp now owns 2,413,712 shares of the software maker’s stock valued at $563,674,000 after acquiring an additional 149,731 shares during the last quarter. Groupama Asset Managment bought a new position in Workday in the 1st quarter valued at $483,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after purchasing an additional 1,211,659 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on WDAY shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Guggenheim restated a “buy” rating and issued a $285.00 target price on shares of Workday in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Finally, Citigroup dropped their price target on Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $282.22.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: BTIG initiated coverage with a Buy and a $285 price target, calling Workday’s outlook “de‑risked” and implying substantial upside from the current level — a clear positive catalyst for buyers. Article Title
• Positive Sentiment: Mizuho Securities reiterated its Buy rating on WDAY, providing additional analyst support that can sustain upward momentum. Article Title
• Neutral Sentiment: Zacks issued mixed estimate changes — they raised their Q2 2028 EPS view (from $1.20 to $1.37) but cut Q4 2027 EPS (from $1.44 to $1.29) and maintain a Hold rating. The revisions suggest near‑term quarter timing differences but leave consensus full‑year views largely intact. Article Title
• Neutral Sentiment: William Blair included Workday among its top picks, adding a modest positive narrative for longer‑term investors but not an immediate earnings or guidance change. Article Title
• Negative Sentiment: Major insider selling: founder/major shareholder David Duffield sold 81,434 shares (about a 43.7% reduction in his disclosed position) in a December 16 filing — a sizable liquidity event that can weigh on sentiment and introduce short‑term selling pressure. Article Title

About Workday

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.