Workday (NASDAQ:WDAY) Insider Richard Harry Sauer Sells 1,130 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the transaction, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Workday Trading Up 0.4%

Shares of WDAY stock opened at $211.11 on Thursday. Workday, Inc. has a 1 year low of $202.22 and a 1 year high of $283.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s 50 day simple moving average is $220.97 and its two-hundred day simple moving average is $228.80. The company has a market cap of $55.52 billion, a PE ratio of 88.70, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in Workday during the second quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday in the 3rd quarter worth $26,000. JPL Wealth Management LLC purchased a new stake in shares of Workday during the 3rd quarter worth $30,000. Berbice Capital Management LLC boosted its position in Workday by 136.4% during 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, Golden State Wealth Management LLC grew its stake in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: An independent intrinsic-value calculation suggests Workday may be materially undervalued versus fair value, implying upside for long-term investors if the assumptions hold. An Intrinsic Calculation For Workday, Inc. (NASDAQ:WDAY) Suggests It’s 40% Undervalued
• Negative Sentiment: CEO Carl M. Eschenbach sold 3,125 shares at ~$210 (about $656k), reducing his stake ~15.45%; filing: CEO Form 4
• Negative Sentiment: CFO Zane Rowe sold 6,000 shares at ~$208.75 (~$1.25M), a ~3.63% cut to his holding; filing: CFO Form 4
• Negative Sentiment: Insider Robert Enslin sold 22,185 shares at ~$210.17 (~$4.66M), a 17.26% reduction in his position — the largest single sale reported. Filing: Enslin Form 4
• Negative Sentiment: Gerrit S. Kazmaier sold 3,759 shares at ~$208.73 (~$785k), trimming his stake ~3.45%; filing: Kazmaier Form 4
• Negative Sentiment: Richard H. Sauer sold 1,130 shares at $210 (~$237k), a 1.31% reduction; filing: Sauer Form 4

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Wednesday, November 26th. Evercore ISI upped their target price on Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Rosenblatt Securities assumed coverage on Workday in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 price target on the stock. Cowen reissued a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company decreased their price target on shares of Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $281.59.

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.