David Duffield Sells 107,500 Shares of Workday (NASDAQ:WDAY) Stock

Key Points

• David Duffield sold 107,500 shares of Workday on April 6 at an average price of $129.60 for about $13.93M, cutting his direct stake by roughly 50.6% to 105,049 shares; the sale was made under a pre‑arranged Rule 10b5‑1 trading plan and disclosed in an SEC Form 4.
• Workday shares fell about 1.7% to $127.51 amid the insider selling and mixed analyst actions — the company recently beat quarterly EPS and revenue (EPS $2.47; revenue up 14.5%), but trades at a high valuation (PE ~49) with a consensus target near $199.71 after several price‑target cuts.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 107,500 shares of Workday stock in a transaction on Monday, April 6th. The stock was sold at an average price of $129.60, for a total transaction of $13,932,000.00. Following the sale, the insider directly owned 105,049 shares of the company's stock, valued at $13,614,350.40. This represents a 50.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Workday Trading Down 1.7%

WDAY traded down $2.21 during trading on Tuesday, reaching $127.51. 2,572,215 shares of the company's stock were exchanged, compared to its average volume of 5,018,963. The company's fifty day moving average price is $143.62 and its 200-day moving average price is $194.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The firm has a market capitalization of $32.77 billion, a PE ratio of 49.42, a P/E/G ratio of 1.28 and a beta of 1.14.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The business's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WDAY. Loop Capital set a $210.00 price objective on shares of Workday in a research report on Thursday, March 12th. KeyCorp reduced their target price on shares of Workday from $260.00 to $155.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Morgan Stanley dropped their price target on Workday from $280.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 23rd. Raymond James Financial restated a "market perform" rating on shares of Workday in a report on Monday, February 9th. Finally, UBS Group reduced their price objective on Workday from $170.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Workday has an average rating of "Moderate Buy" and a consensus target price of $199.71.

Institutional Investors Weigh In On Workday

Several hedge funds have recently added to or reduced their stakes in WDAY. Stance Capital LLC raised its position in shares of Workday by 3.7% in the fourth quarter. Stance Capital LLC now owns 6,238 shares of the software maker's stock valued at $1,340,000 after purchasing an additional 223 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Workday by 12.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 178,827 shares of the software maker's stock valued at $38,408,000 after purchasing an additional 20,016 shares during the period. Meadowbrook Advisors Group LLC bought a new position in shares of Workday in the fourth quarter valued at about $320,000. Larry Mathis Financial Planning LLC bought a new position in shares of Workday in the fourth quarter valued at about $216,000. Finally, Green Ridge Wealth Planning LLC bought a new position in shares of Workday in the fourth quarter valued at about $237,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was named a Leader in the 2026 Gartner Magic Quadrant for Higher Education Student Information Systems — a product endorsement that supports long‑term adoption at colleges and universities and underpins recurring revenue growth. Workday Named a Leader in 2026 Gartner® Magic Quadrant™ for Higher Education Student Information Systems
• Positive Sentiment: UST acquired Intecrowd, an award‑winning Workday partner that specializes in deployments and lifecycle support — consolidation among partners can expand implementation capacity and channel reach for Workday. UST Acquires Award‑Winning Workday Partner Intecrowd
• Neutral Sentiment: Market recaps note WDAY’s recent price pullback (mid‑$120s) versus broader market gains; these stories summarize price action but add little new company‑specific information. Workday (WDAY) Stock Sinks As Market Gains: Here's Why
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (~$13.9M) under a pre‑arranged Rule 10b5‑1 plan, lowering his holding by ~50% — the size of the sale is notable and can pressure sentiment despite being pre‑planned. SEC filing: Duffield Form 4
• Negative Sentiment: Several insiders (CFO Zane Rowe, Robert Enslin, Gerrit Kazmaier) sold modest blocks of shares — reported as 10b5‑1 trades or sales to cover tax withholding on vested awards. These are typically less alarming but add to near‑term selling supply. Rowe Form 4 Enslin Form 4 Kazmaier Form 4
• Negative Sentiment: Media commentary (e.g., Jim Cramer) flagged Workday as a relative laggard in the Nasdaq 100 and advised caution — negative headlines from high‑profile commentators can amplify selling pressure even if they are opinion‑based. Jim Cramer on Workday

About Workday

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.

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