Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 107,500 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $147.16, for a total transaction of $15,819,700.00. Following the sale, the insider owned 105,049 shares of the company’s stock, valued at $15,459,010.84. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Trading Down 1.9%

Shares of Workday stock opened at $148.14 on Tuesday. Workday, Inc. has a 1-year low of $117.76 and a 1-year high of $276.00. The company’s fifty day simple moving average is $170.76 and its 200-day simple moving average is $208.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.83. The stock has a market capitalization of $38.96 billion, a PE ratio of 57.42, a P/E/G ratio of 1.47 and a beta of 1.17.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WDAY shares. Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Piper Sandler lowered their price target on shares of Workday from $200.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. The Goldman Sachs Group dropped their price target on shares of Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Morgan Stanley decreased their price objective on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Finally, DA Davidson dropped their target price on shares of Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $205.19.

Hedge Funds Weigh In On Workday

Several institutional investors have recently bought and sold shares of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the third quarter worth about $26,000. DT Investment Partners LLC purchased a new stake in shares of Workday in the fourth quarter worth about $27,000. LRI Investments LLC bought a new position in Workday during the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Workday during the third quarter valued at approximately $30,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.