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

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $12,820,179.96. The trade was a 50.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Up 6.4%

Shares of NASDAQ WDAY opened at $130.27 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The firm’s fifty day moving average is $127.46 and its 200 day moving average is $150.57. The company has a market cap of $32.18 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.31 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.23 EPS. On average, equities research analysts expect that Workday, Inc. will post 5.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WDAY shares. BTIG Research reissued a “buy” rating and issued a $175.00 target price on shares of Workday in a research note on Monday, May 18th. HC Wainwright set a $140.00 price target on Workday in a research report on Wednesday, May 27th. KeyCorp increased their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Summit Redstone set a $275.00 target price on Workday in a report on Wednesday, May 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WDAY. Rakuten Securities Inc. purchased a new stake in Workday in the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday during the third quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Workday during the third quarter valued at approximately $30,000. DT Investment Partners LLC bought a new stake in shares of Workday in the 4th quarter worth approximately $27,000. Finally, LRI Investments LLC bought a new stake in shares of Workday in the 4th quarter worth approximately $29,000. 89.81% of the stock is currently owned by 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.