Workday (NASDAQ:WDAY) Reaches New 52-Week Low After Analyst Downgrade

Workday, Inc. (NASDAQ:WDAY) hit a new 52-week low during trading on Tuesday after Oppenheimer lowered their price target on the stock from $270.00 to $200.00. Oppenheimer currently has an outperform rating on the stock. Workday traded as low as $139.91 and last traded at $142.5130, with a volume of 946820 shares. The stock had previously closed at $144.42.

Several other research analysts also recently weighed in on the stock. Loop Capital set a $280.00 price target on shares of Workday in a research report on Wednesday, December 10th. Sanford C. Bernstein cut their price objective on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Guggenheim reiterated a “buy” rating and set a $285.00 price target on shares of Workday in a research report on Wednesday, November 26th. Finally, Stifel Nicolaus set a $175.00 price objective on Workday in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $259.94.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction dated 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 approximately $7,405,012.16. The trade was a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 370,321 shares of company stock worth $78,866,401. 20.00% of the stock is currently owned by company insiders.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from neutral to buy and set a $180 target, signaling renewed analyst conviction in the stock’s medium-term upside amid the company’s strategic shifts. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlights the return of co‑founder Aneel Bhusri as CEO and a stronger AI push — investors may view this as supportive for long‑term product strategy and growth, especially if AI accelerates subscription or service demand. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Workday is scheduled to report quarterly results on Tuesday; the upcoming release is the near‑term catalyst that could swing the stock depending on guidance and AI‑related commentary. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Analysts at BMO cut their price target from $285 to $204 (still “outperform”), signaling reduced expectations for near‑term upside even as they keep a constructive rating. BMO lowers Workday price target
• Negative Sentiment: Oppenheimer also trimmed its target from $270 to $200 while maintaining an outperform rating, another sign analysts are moderating near‑term forecasts despite believing in longer‑term upside. Oppenheimer lowers Workday price target
• Negative Sentiment: Zacks cautions Workday may lack the factors that typically produce an earnings beat this quarter, increasing downside risk around the report. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

Institutional Investors Weigh In On Workday

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Workday by 230.2% during 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. Empowered Funds LLC lifted its position in Workday by 12.1% in the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after buying an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Workday during the second quarter valued at about $281,000. Finally, Harbour Investments Inc. raised its stake in shares of Workday by 41.3% in the 2nd quarter. Harbour Investments Inc. now owns 277 shares of the software maker’s stock valued at $66,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $37.64 billion, a price-to-earnings ratio of 60.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13. The firm’s fifty day moving average price is $192.91 and its 200 day moving average price is $216.63.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.