David Duffield Sells 78,564 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 78,564 shares of Workday stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. This trade represents a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Trading Down 0.6%

WDAY stock opened at $233.50 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company has a fifty day moving average price of $228.46 and a two-hundred day moving average price of $238.13. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The stock has a market cap of $62.34 billion, a price-to-earnings ratio of 108.10, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their price objective on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Loop Capital reduced their target price on shares of Workday from $285.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 23rd. Finally, Bank of America reduced their target price on shares of Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $287.48.

Institutional Investors Weigh In On Workday

Institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new position in Workday in the second quarter valued at about $25,000. Cornerstone Planning Group LLC raised its stake in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. acquired a new position in Workday in the first quarter valued at about $31,000. Berbice Capital Management LLC raised 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 valued at $31,000 after purchasing an additional 75 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in Workday in the first quarter valued at about $32,000. Institutional investors own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.