Workday, Inc. $WDAY Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its stake in Workday by 59% in Q3, selling 14,990 shares and leaving it with 10,436 shares worth about $2.51 million.
• Heavy insider selling is underway — insiders offloaded 395,796 shares last quarter (about $75.9M), including notable sales by Richard H. Sauer, Mark S. Garfield and co‑founder David Duffield (107,500 shares, ≈$14.4M).
• Analysts have trimmed targets amid mixed views: several firms cut price targets (e.g., Citi, Jefferies, Bernstein) though the street consensus remains a "Moderate Buy" with an average target near $205.19.

Crossmark Global Holdings Inc. reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 59.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,436 shares of the software maker's stock after selling 14,990 shares during the period. Crossmark Global Holdings Inc.'s holdings in Workday were worth $2,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rakuten Securities Inc. acquired a new position in Workday during the second quarter worth about $25,000. Berbice Capital Management LLC lifted its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker's stock valued at $33,000 after acquiring an additional 133 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Workday during the 2nd quarter worth approximately $41,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 953 shares of the company's stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares in the company, valued at approximately $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 395,796 shares of company stock valued at $75,909,516. 19.31% of the stock is owned by company insiders.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: High‑profile endorsement for new leadership: TV host Jim Cramer called Workday’s new CEO “terrific,” which can boost investor sentiment and short‑term demand. Jim Cramer Considers Workday’s New CEO “Terrific”
• Positive Sentiment: Technical/flow support: recent bargain‑hunting and a short‑covering rally have driven quick gains after February’s pullback, attracting momentum traders. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
• Positive Sentiment: Founder returns to CEO role with stronger AI emphasis — investors view this as a signal of strategic focus on AI product development, which could support longer‑term revenue expansion if execution succeeds. Workday Founder Returns As CEO While AI Focus Shapes Valuation Outlook
• Neutral Sentiment: Board granted CEO Aneel Bhusri a new equity package; this aligns leadership with shareholders but can raise dilution questions depending on structure. Workday Grants CEO Aneel Bhusri New Equity Package
• Neutral Sentiment: Macro backdrop remains a headwind for growth software names (inflation/higher rates), which can cap upside even during sector‑specific rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
• Neutral Sentiment: Competitive landscape: emerging AI/analytics startups (e.g., Pigment) are targeting planning/analytics customers — something to monitor but not an immediate earnings threat. The French AI startup gunning for Workday, Oracle, and SAP
• Negative Sentiment: Analysts trimming targets: Citi cut its price target to $148 (from $247) and Morgan Stanley and others have reduced targets — a clear near‑term drag on sentiment and potential selling pressure. Workday, Inc. (WDAY) Price Target Lowered to $148 at Citi
• Negative Sentiment: Large insider sale: co‑founder David Duffield sold 107,500 shares (~$14.4M) and cut his stake roughly in half — markets can interpret this as a negative signal on insider conviction or simply liquidity‑driven. SEC Filing — Duffield Sale
• Negative Sentiment: Estimate‑revision risk: analyst commentary highlights slowing growth, margin pressure and falling EPS revisions as Workday invests in AI and new markets — a potential medium‑term headwind for valuations. Should You Avoid WDAY Stock Amid Declining Estimate Revisions?

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein dropped their price objective on Workday from $298.00 to $214.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Jefferies Financial Group downgraded Workday from a "buy" rating to a "hold" rating and decreased their target price for the stock from $325.00 to $150.00 in a research report on Monday, February 23rd. Citizens Jmp lowered Workday from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their price target on Workday from $270.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, February 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Workday in a research note on Monday, February 23rd. Twenty research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $205.19.

Workday Price Performance

WDAY stock opened at $151.04 on Friday. The stock's 50 day moving average price is $172.17 and its 200 day moving average price is $208.97. The firm has a market cap of $39.72 billion, a P/E ratio of 58.54, a PEG ratio of 1.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $1.92 earnings per share. Workday's revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday 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.

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