Insider Selling: Workday, Inc. (NASDAQ:WDAY) EVP Sells 5,778 Shares of Stock


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Workday, Inc. (NASDAQ:WDAY) EVP Richard Harry Sauer sold 5,778 shares of Workday stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $257.83, for a total transaction of $1,489,741.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of WDAY stock traded down $1.84 on Monday, hitting $254.51. The stock had a trading volume of 1,181,659 shares, compared to its average volume of 1,907,094. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of -136.10 and a beta of 1.59. The stock’s 50 day moving average is $251.03 and its 200-day moving average is $237.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.45. Workday, Inc. has a 52-week low of $137.62 and a 52-week high of $282.77.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, February 25th. The software maker reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.18. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Workday had a negative net margin of 10.77% and a negative return on equity of 10.56%. During the same period in the prior year, the firm earned $0.50 earnings per share. Equities analysts expect that Workday, Inc. will post -0.71 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in shares of Workday by 1.3% in the fourth quarter. Baillie Gifford & Co. now owns 8,308,544 shares of the software maker’s stock valued at $1,990,810,000 after purchasing an additional 106,280 shares during the period. Aequim Alternative Investments LP purchased a new position in shares of Workday in the fourth quarter valued at $738,000. Jennison Associates LLC boosted its stake in shares of Workday by 7.0% in the fourth quarter. Jennison Associates LLC now owns 4,659,485 shares of the software maker’s stock valued at $1,116,459,000 after purchasing an additional 304,728 shares during the period. Tiger Global Management LLC boosted its stake in shares of Workday by 11.4% in the fourth quarter. Tiger Global Management LLC now owns 4,127,450 shares of the software maker’s stock valued at $988,978,000 after purchasing an additional 422,679 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Workday by 1.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,390,549 shares of the software maker’s stock valued at $572,799,000 after acquiring an additional 38,560 shares during the last quarter. Institutional investors and hedge funds own 67.98% of the company’s stock.

A number of equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, February 26th. Credit Suisse Group began coverage on shares of Workday in a report on Tuesday, March 16th. They issued a “neutral” rating and a $235.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Workday from $280.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Needham & Company LLC boosted their target price on shares of Workday from $260.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 4th. Finally, Loop Capital upgraded shares of Workday from a “sell” rating to a “buy” rating and set a $320.00 target price for the company in a report on Monday, February 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $263.22.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human resources. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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