David Duffield Sells 82,884 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 82,884 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the sale, the insider owned 105,049 shares in the company, valued at $22,034,027.75. The trade was a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Stock Down 1.2%

WDAY stock opened at $207.18 on Friday. The company has a market cap of $54.49 billion, a price-to-earnings ratio of 87.05, a P/E/G ratio of 2.34 and a beta of 1.14. Workday, Inc. has a twelve month low of $202.22 and a twelve month high of $283.68. The business has a 50 day moving average price of $219.85 and a two-hundred day moving average price of $228.39. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34.

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

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Recent results remain supportive: Workday beat Q3 estimates (EPS and revenue grew ~12.6% year-over-year), underlining steady subscription/enterprise demand. Read More.
• Positive Sentiment: Analyst coverage is skewed bullish — consensus is a “Moderate Buy” with an average target (~$281.59), giving upside vs. current levels and supporting longer-term investor interest. Read More.
• Neutral Sentiment: Large institutional ownership (around 90%) and recent institutional moves (e.g., Norges Bank establishing a sizable position) mean changes in fund flows can materially affect shares, but this is a mixed signal depending on whether institutions add or trim. Read More.
• Neutral Sentiment: Media mention: WDAY appeared in recent stock-watch lists, keeping it on investors’ radar but not providing a clear directional trigger. Read More.
• Negative Sentiment: Significant insider selling: co-founder/major shareholder David A. Duffield sold 82,884 shares (~$17.4M), a ~44% reduction in his holding — a large, disclosed block that can amplify downward pressure. Read More.
• Negative Sentiment: Multiple executive-level sales reported this week (CAO Mark Garfield sold 953 shares; CFO and other senior execs also reported multi-thousand-share / multi-million-dollar disposals) — these clustered sales raise short-term liquidity concerns. Read More. Read More.
• Negative Sentiment: Technical/valuation headwinds: shares sit below their 50- and 200-day moving averages and the stock’s P/E is elevated, which can magnify downside when insiders are selling and momentum is weak. Read More.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in shares of Workday in the second quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the 3rd quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in Workday in the 3rd quarter valued at about $30,000. Berbice Capital Management LLC grew its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several recent analyst reports. Sanford C. Bernstein cut their target price on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. TD Cowen cut their price objective on Workday from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. KeyCorp dropped their price target on Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, BTIG Research began coverage on shares of Workday in a research report on Tuesday, December 16th. They set a “buy” rating and a $285.00 price objective for the company. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.59.

Workday Company Profile

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.