David Duffield Sells 72,118 Shares of Workday (NASDAQ:WDAY) Stock

Key Points

• David Duffield, a major shareholder of Workday, sold 72,118 shares at an average price of $241.57, resulting in a total transaction value of approximately $17.4 million, which represents a 41.18% decrease in his ownership.
• Workday's stock price increased by 0.5% during trading, reaching $242.75, with a market capitalization of $64.81 billion and a PE ratio of 112.38.
• Analysts' target prices for Workday have varied, with Citigroup reducing its target from $279 to $260, while UBS Group set a price target of $304, indicating a generally positive outlook.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 72,118 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $241.57, for a total value of $17,421,545.26. Following the sale, the insider owned 102,997 shares of the company's stock, valued at approximately $24,880,985.29. The trade was a 41.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Workday Trading Up 0.5%

Workday stock traded up $1.24 during trading hours on Thursday, reaching $242.75. 2,880,036 shares of the company's stock were exchanged, compared to its average volume of 2,615,232. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm's 50 day simple moving average is $229.63 and its 200 day simple moving average is $237.71. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The firm has a market capitalization of $64.81 billion, a PE ratio of 112.38, a PEG ratio of 3.16 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after buying an additional 139 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Workday by 33.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock worth $7,486,000 after buying an additional 8,093 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Workday during the 1st quarter worth approximately $290,000. Finally, D.A. Davidson & CO. lifted its position in shares of Workday by 27.8% during the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock worth $374,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on WDAY shares. Citigroup reduced their target price on Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. KeyCorp reduced their target price on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $265.00 target price on shares of Workday in a research note on Wednesday, September 17th. Piper Sandler upgraded Workday from an "underweight" rating to a "neutral" rating and raised their target price for the company from $220.00 to $235.00 in a research note on Wednesday, September 17th. Finally, UBS Group set a $304.00 target price on Workday in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $287.83.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; 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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