Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Workday, Inc. (NASDAQ:WDAY)

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased $1,001–$15,000 of Workday shares on August 18 through a Bank of America trust account. His recent trades also included purchases of Quanta Services, Eaton, Walmart, Goldman Sachs and Wheaton Precious Metals, alongside several stock sales.
• Workday reported stronger-than-expected quarterly results, with EPS of $2.75 versus $2.61 expected and revenue of $2.65 billion, up 12.8% year over year. Shares opened at $185.70, while analysts’ consensus target is $206.34 and the average rating is “Hold.”
• Insider selling remains notable: major shareholder David Duffield sold 90,615 shares worth about $17.95 million under a pre-arranged Rule 10b5-1 plan. Institutional ownership is high at 89.81%, with several large investors recently increasing their positions.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Workday, Inc. (NASDAQ:WDAY). In a filing disclosed on September 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Workday stock on August 18th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 8/28/2026.
• Purchased $15,001 - $50,000 in shares of Quanta Services NYSE: PWR on 8/27/2026.
• Purchased $15,001 - $50,000 in shares of Eaton NYSE: ETN on 8/27/2026.
• Sold $15,001 - $50,000 in shares of NIKE NYSE: NKE on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Phreesia NYSE: PHR on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Wheaton Precious Metals NYSE: WPM on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of Walmart NASDAQ: WMT on 8/26/2026.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 8/26/2026.
• Sold $15,001 - $50,000 in shares of Lamar Advertising NASDAQ: LAMR on 8/25/2026.
• Sold $1,001 - $15,000 in shares of Phreesia NYSE: PHR on 8/25/2026.

Workday Price Performance

Shares of WDAY opened at $185.70 on Friday. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The stock's 50 day moving average is $171.85 and its two-hundred day moving average is $144.23. The firm has a market capitalization of $44.75 billion, a PE ratio of 37.67, a P/E/G ratio of 1.87 and a beta of 1.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 EPS. Research analysts anticipate that Workday, Inc. will post 5.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WDAY shares. CLSA initiated coverage on shares of Workday in a research report on Monday, July 20th. They set an "underperform" rating and a $92.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of Workday from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Oppenheimer upped their price objective on Workday from $165.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, August 24th. Bank of America raised their target price on shares of Workday from $140.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Finally, Monness Crespi & Hardt increased their target price on Workday from $202.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Twenty research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Workday has an average rating of "Hold" and a consensus price target of $206.34.

Insider Activity

In other news, major shareholder David A. Duffield sold 90,615 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $198.14, for a total transaction of $17,954,456.10. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $20,814,408.86. This represents a 46.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 2,728 shares of Workday stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total transaction of $391,795.36. Following the completion of the sale, the insider owned 266,388 shares of the company's stock, valued at approximately $38,258,644.56. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 738,096 shares of company stock worth $106,054,737 over the last quarter. Corporate insiders own 18.64% of the company's stock.

Institutional Investors Weigh In On Workday

Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in shares of Workday by 11,770.8% during the 2nd quarter. California State Teachers Retirement System now owns 36,907,426 shares of the software maker's stock valued at $4,518,207,000 after acquiring an additional 36,596,516 shares in the last quarter. Auto Owners Insurance Co increased its holdings in Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker's stock valued at $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. State Street Corp lifted its stake in shares of Workday by 1.0% in the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker's stock worth $2,098,552,000 after acquiring an additional 96,139 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker's stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Workday by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker's stock valued at $1,089,970,000 after purchasing an additional 75,922 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analyst upgrade: DBS Bank upgraded Workday to “Hold,” providing a more favorable view of the stock after its recent recovery. The rating follows Workday’s latest earnings report, in which revenue rose 12.8% year over year to $2.65 billion and adjusted earnings exceeded expectations.
• Positive Sentiment: New chief marketing officer: Workday appointed Sarah Kennedy Ellis as chief marketing officer, effective October 5. Her experience is expected to support the company’s enterprise AI positioning, brand expansion and go-to-market strategy. Workday Names Sarah Kennedy Ellis Chief Marketing Officer
• Positive Sentiment: Industry recognition: Workday was named a leading human-capital-management provider for the 11th consecutive year, reinforcing the strength of its core HCM franchise and competitive position. Workday named HCM leader for 11th straight year
• Neutral Sentiment: Short-interest data: Reported short interest was zero, producing a zero-day short ratio. Because the figures show no meaningful short position, the data provides little indication of near-term buying or short-covering pressure.
• Negative Sentiment: Insider selling: Major shareholder David Duffield sold 90,615 shares worth approximately $17.95 million under a pre-arranged Rule 10b5-1 plan, reducing his stake by 46.3%. Workday’s CFO also sold 2,808 shares for about $550,000. Planned transactions do not necessarily signal deteriorating fundamentals, but the sales can weigh on sentiment.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.

The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.

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