Piper Sandler Lowers Workday (NASDAQ:WDAY) Price Target to $135.00

Workday (NASDAQ:WDAY) had its price target cut by research analysts at Piper Sandler from $200.00 to $135.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “neutral” rating on the software maker’s stock. Piper Sandler’s price target would indicate a potential downside of 2.95% from the stock’s previous close.

WDAY has been the subject of several other research reports. Morgan Stanley decreased their price objective on Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday. Citigroup reduced their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a research report on Wednesday. Sanford C. Bernstein cut their price objective on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Finally, UBS Group reduced their price objective on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.19.

Workday Stock Performance

Shares of Workday stock opened at $139.11 on Wednesday. Workday has a 52 week low of $117.76 and a 52 week high of $276.00. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $181.23 and a 200-day moving average price of $212.44. The company has a market cap of $36.59 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share. Equities analysts anticipate that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other Workday news, 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 in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 in the last three months. 19.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

A number of large investors have recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter valued at $30,000. DT Investment Partners LLC purchased a new position in Workday in the 4th quarter worth $27,000. Finally, Berbice Capital Management LLC lifted its stake in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 results beat — Workday reported stronger-than-expected Q4 revenue and EPS with subscription growth and margin expansion, a fundamental positive that supports long‑term revenue/unit economics. Workday Q4 Earnings Beat (Zacks)
• Positive Sentiment: Selective analyst support remains — Several firms (Needham, Guggenheim and others) continue Buy/Outperform calls with high price targets, underwriting upside if execution and guidance normalize. Needham Buy Rating (American Banking News)
• Neutral Sentiment: Partnerships and product moves — New offerings such as the Insperity HRScale rollout expand SMB reach but are not game‑changing near term. Insperity HRScale (Yahoo)
• Negative Sentiment: Weak FY27 subscription guidance — Management’s below‑consensus subscription revenue outlook and comments on longer deal timelines triggered the selloff and renewed AI‑disruption concerns. Workday tumbles on dour outlook (Reuters)
• Negative Sentiment: Widespread analyst price‑target cuts and downgrades — A cluster of PT reductions (UBS, Piper Sandler, DA Davidson, Goldman and others) has amplified selling pressure and market uncertainty. Analysts cut forecasts (Benzinga)
• Negative Sentiment: Short interest jumped (~34% month over month) — Rising short activity adds downward pressure and increases volatility risk until sentiment stabilizes.
• Negative Sentiment: Public skepticism and investor headlines — High‑profile critics (including Jim Cramer) questioning Workday’s transition and AI positioning have contributed to negative sentiment. Jim Cramer comments (Yahoo)
• Negative Sentiment: Recent firm‑level downgrades (Citigroup, UBS, Piper Sandler) — New cuts to price targets and neutral/hold stances (including a Citigroup PT reset to $148) sustain selling momentum. Analyst PT changes (Benzinga)

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.