David A. Duffield Sells 71,672 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 71,672 shares of Workday stock in a transaction on Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $25,602,994.26. This represents a 41.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $252.50 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The firm has a market cap of $67.17 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The firm’s fifty day moving average is $256.84 and its 200-day moving average is $255.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Institutional Trading of Workday

Several institutional investors have recently added to or reduced their stakes in WDAY. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Workday in the 4th quarter valued at $18,401,000. Castle Rock Wealth Management LLC acquired a new position in Workday in the fourth quarter valued at $1,089,000. Park Square Financial Group LLC bought a new stake in Workday during the fourth quarter valued at $117,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Workday during the 4th quarter worth about $117,259,000. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Workday by 0.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 9,187 shares of the software maker’s stock worth $2,371,000 after acquiring an additional 71 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WDAY shares. JPMorgan Chase & Co. lifted their price objective on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Scotiabank dropped their price target on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a research report on Monday. UBS Group increased their price target on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.36.

About Workday

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.