Workday, Inc. $WDAY Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 324,088 shares of the software maker's stock after selling 5,906 shares during the quarter. Douglas Lane & Associates LLC owned about 0.13% of Workday worth $61,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its stake in shares of Workday by 55.9% in the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker's stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. Western Wealth Management LLC bought a new stake in Workday in the first quarter valued at $39,000. Manning & Napier Advisors LLC bought a new stake in Workday in the second quarter valued at $42,000. Elevation Wealth Partners LLC boosted its position in shares of Workday by 1,097.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker's stock worth $48,000 after purchasing an additional 362 shares in the last quarter. Finally, Reflection Asset Management acquired a new stake in shares of Workday in the 4th quarter valued at about $66,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. KeyCorp boosted their target price on Workday from $158.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Citigroup reissued a "neutral" rating on shares of Workday in a research note on Tuesday. William Blair reiterated an "outperform" rating on shares of Workday in a report on Friday, August 28th. Guggenheim restated a "buy" rating and set a $275.00 price objective on shares of Workday in a report on Friday, August 21st. Finally, CLSA initiated coverage on shares of Workday in a research report on Monday, July 20th. They set an "underperform" rating and a $92.00 target price for the company. Twenty analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $205.55.

Insider Transactions at Workday

In other Workday news, major shareholder David Duffield sold 99,228 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $187.32, for a total transaction of $18,587,388.96. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $19,677,778.68. This trade represents a 48.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit Kazmaier sold 2,729 shares of Workday stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $187.28, for a total transaction of $511,087.12. Following the completion of the transaction, the insider owned 251,314 shares of the company's stock, valued at $47,066,085.92. This represents a 1.07% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 887,351 shares of company stock valued at $169,913,604. 18.64% of the stock is currently owned by insiders.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday is broadening cash-cycle automation for finance customers and expanding credit access, developments that could increase the value and adoption of its financial-management platform. Workday Broadens Cash Cycle Automation Workday Extends Credit Access
• Positive Sentiment: Workday was named a Market Shaper in Gartner’s 2026 emerging-market quadrant for AI agents in human resources. The recognition supports the company’s strategy to use AI to expand beyond its core HR and finance software offerings. Workday Gartner AI Agents Recognition
• Neutral Sentiment: Some coverage describes WDAY as undervalued, while analyst sentiment remains mixed. Jefferies maintained a Hold rating with a $210 target, below the broader consensus target of approximately $206 only slightly and implying limited near-term conviction. Jefferies Workday Growth Assessment
• Negative Sentiment: Workday reportedly reduced its 2028 revenue-growth target as subscription growth loses momentum. Jefferies also highlighted a widening growth gap versus larger software peers and said it wants subscription growth to exceed 11%, raising concerns about the company’s premium valuation. Workday Cuts 2028 Growth Target
• Negative Sentiment: Multiple insiders, including CFO Zane Rowe, Robert Enslin and major shareholder David Duffield, recently sold shares. The transactions were conducted under pre-arranged plans or for tax withholding, but Duffield’s roughly $18.6 million sale may still weigh on investor sentiment. David Duffield Workday Form 4
• Negative Sentiment: Kaskela Law announced a shareholder investigation after WDAY underperformed the S&P 500 year to date. The investigation does not establish wrongdoing, but it adds legal and reputational risk to an already cautious outlook. Kaskela Workday Shareholder Investigation

Workday Stock Performance

WDAY traded down $1.19 during trading on Friday, hitting $186.62. 644,177 shares of the company traded hands, compared to its average volume of 4,722,178. Workday, Inc. has a one year low of $110.36 and a one year high of $247.40. The stock's fifty day moving average is $189.38 and its 200 day moving average is $151.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $44.98 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, equities analysts predict that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Workday Profile

Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

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