Mark Garfield Sells 953 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 953 shares of Workday stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the sale, the chief accounting officer owned 35,336 shares of the company’s stock, valued at $7,405,012.16. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Workday Stock Performance

Shares of WDAY stock opened at $207.18 on Friday. The business has a fifty day moving average of $219.85 and a 200 day moving average of $228.39. Workday, Inc. has a 1 year low of $202.22 and a 1 year high of $283.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $54.49 billion, a price-to-earnings ratio of 87.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on WDAY. Citigroup decreased their price objective on shares of Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Evercore ISI boosted their target price on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. BTIG Research began coverage on shares of Workday in a report on Tuesday, December 16th. They issued a “buy” rating and a $285.00 price target on the stock. Zacks Research downgraded Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $281.59.

Key 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 Investors Weigh In On Workday

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Workday by 77.2% during the 1st quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker’s stock worth $219,000 after buying an additional 409 shares during the period. MBB Public Markets I LLC purchased a new position in shares of Workday during the 1st quarter valued at approximately $297,000. Empowered Funds LLC grew its stake in Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after acquiring an additional 1,206 shares during the period. Finally, Anchor Investment Management LLC grew its stake in Workday by 3.5% in the 1st quarter. Anchor Investment Management LLC now owns 7,255 shares of the software maker’s stock valued at $1,694,000 after acquiring an additional 245 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.