1,272 Shares in Workday, Inc. $WDAY Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC invested approximately $297,000 in Workday, acquiring 1,272 shares during the first quarter.
• Major shareholder David A. Duffield sold 73,971 shares for over $17.6 million, representing a 41.80% decrease in their position, while CEO Carl M. Eschenbach sold 6,250 shares.
• Workday reported a 12.6% increase in revenue year-over-year, with earnings per share of $2.21, exceeding analysts' expectations of $2.09.

MBB Public Markets I LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,272 shares of the software maker's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Cornerstone Planning Group LLC boosted its holdings in Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after buying an additional 54 shares during the last quarter. Dagco Inc. bought a new position in Workday during the first quarter worth about $31,000. Farmers & Merchants Investments Inc. bought a new position in Workday during the first quarter worth about $32,000. Financial Management Professionals Inc. lifted its holdings in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Workday during the 1st quarter valued at about $40,000. Institutional investors own 89.81% of the company's stock.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares in the company, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 304,540 shares of company stock worth $73,169,545. Insiders own 19.31% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WDAY. Citigroup cut their price objective on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Canaccord Genuity Group cut their price objective on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Westpark Capital lifted their price objective on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Barclays cut their price objective on Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $286.81.

Workday Stock Down 0.3%

NASDAQ WDAY traded down $0.64 during trading on Monday, hitting $222.75. The stock had a trading volume of 2,391,186 shares, compared to its average volume of 2,514,871. The company has a market capitalization of $59.47 billion, a PE ratio of 103.13, a P/E/G ratio of 3.11 and a beta of 1.12. The company's 50-day moving average price is $229.28 and its two-hundred day moving average price is $238.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

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

About Workday

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.