Workday, Inc. $WDAY Shares Sold by Cwm LLC

Key Points

• Cwm LLC cut its stake in Workday by 74.0% in Q4, selling 12,354 shares and leaving 4,332 shares valued at about $930,000, while institutional investors collectively own 89.81% of WDAY.
• Significant insider selling has occurred recently: founder David A. Duffield sold 107,500 shares for roughly $13.95 million (a 50.6% reduction) and insiders sold 989,814 shares valued at $131.6 million in the last 90 days, with insiders now holding 20% of the stock.
• Workday beat quarterly expectations with EPS of $2.47 vs. $2.32 est. and revenue of $2.53B (+14.5% YoY), and Wall Street holds a consensus "Moderate Buy" rating with an average price target of $199.71.

Cwm LLC decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 74.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,332 shares of the software maker's stock after selling 12,354 shares during the quarter. Cwm LLC's holdings in Workday were worth $930,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC acquired a new stake in Workday during the 3rd quarter worth about $556,252,000. PKO Investment Management Joint Stock Co acquired a new stake in Workday during the 3rd quarter worth about $1,805,000. Phoenix Financial Ltd. acquired a new stake in Workday during the 3rd quarter worth about $2,000,000. Rakuten Investment Management Inc. acquired a new stake in Workday during the 3rd quarter worth about $124,718,000. Finally, EULAV Asset Management lifted its position in Workday by 69.4% during the 3rd quarter. EULAV Asset Management now owns 61,000 shares of the software maker's stock worth $14,685,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Performance

NASDAQ WDAY opened at $121.18 on Wednesday. The stock has a 50-day simple moving average of $130.77 and a two-hundred day simple moving average of $181.57. The firm has a market capitalization of $31.14 billion, a P/E ratio of 46.97, a PEG ratio of 1.14 and a beta of 1.14. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $276.00. 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 (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS. On average, equities analysts forecast that Workday, Inc. will post 5.11 earnings per share for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total value of $13,949,200.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $13,631,158.24. The trade was a 50.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the transaction, the insider owned 165,074 shares of the company's stock, valued at approximately $21,193,850.86. This represents a 5.36% 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. In the last 90 days, insiders sold 989,814 shares of company stock valued at $131,576,291. 20.00% of the stock is owned by company insiders.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday Government launched a Personnel Action Request (PAR) Agent billed to cut PAR cycle times by up to 60%, a tailored federal offering that could accelerate wins in the U.S. government segment and support recurring revenue. Workday Government Unveils PAR Agent
• Positive Sentiment: Paxos–Toku stablecoin payroll integration now interoperates with payroll systems including Workday, enabling immediate on‑platform yield for employees paid in stablecoins — a signal that Workday sits in emerging payroll rails that could broaden product stickiness and payments adjacencies. Stablecoin payroll gets built-in yield with Paxos–Toku integration
• Positive Sentiment: Workday expanded its HR product set with an AI‑powered employee recognition solution (via Achievers), supporting engagement use cases that can deepen customer consumption of Workday HCM. Workday Embeds AI-Powered Employee Recognition
• Positive Sentiment: Workday was named a 2026 LinkedIn Top Company in Canada for the fourth straight year — a branding/employer‑attraction win that helps recruiting and retention in a talent‑driven software market. Workday Named a 2026 LinkedIn Top Company
• Positive Sentiment: Three Link Solutions is promoting Workday GO to SMBs via webinars — incremental go‑to‑market activity that could help expand the company’s small‑business footprint and accelerate seat/license adoption. Three Link Solutions Addresses Questions about Workday GO
• Neutral Sentiment: Industry research forecasts robust growth in the employee performance management market (CAGR ~12.4% to 2030), positioning Workday in a growing TAM but not guaranteeing share gains. Employee Performance Management Market Forecast
• Neutral Sentiment: Coverage noting the stock’s intraday rise and recent trading context summarizes market reaction to the news flow rather than new fundamentals. Workday (WDAY) Increases Despite Market Slip
• Negative Sentiment: Analyst/press pieces caution that Workday’s share price has already fallen sharply year‑to‑date and some view current pricing as misaligned with fundamentals; sector weakness in software raises downside risk despite product wins. Is Workday Pricing Misaligned?

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research reports. Wall Street Zen raised Workday from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. TD Cowen cut Workday from a "buy" rating to a "hold" rating and set a $155.00 price target for the company. in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Workday from $265.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, February 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Workday in a research report on Monday, February 23rd. Finally, Sanford C. Bernstein reduced 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. Nineteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $199.71.

Workday Company 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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