Insider Selling: Workday (NASDAQ:WDAY) CFO Sells 6,000 Shares of Stock

Key Points

• Workday CFO Zane Rowe sold 6,000 shares of the company's stock for a total of $1.39 million, reducing his ownership by 3.44% and leaving him with 168,468 shares valued at approximately $39.19 million.
• The company's stock experienced a 2.2% decline on the day of the sale, closing at $233.17, with fluctuations in trading volume compared to its average.
• Analysts have set a diverse range of price targets for Workday, with a consensus rating of "Moderate Buy" and an average target price of $287.83.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the sale, the chief financial officer directly owned 168,468 shares in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Workday Stock Down 2.2%

WDAY traded down $5.19 during trading on Tuesday, hitting $233.17. The company had a trading volume of 1,975,035 shares, compared to its average volume of 3,632,338. The firm's 50-day moving average price is $229.94 and its 200 day moving average price is $237.18. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a market capitalization of $62.26 billion, a PE ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10.

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

Analysts Set New Price Targets

WDAY has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. DA Davidson upped their target price on shares of Workday from $225.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Cowen reaffirmed a "buy" rating on shares of Workday in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Barclays upped their target price on shares of Workday from $285.00 to $288.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Workday by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker's stock valued at $5,067,404,000 after purchasing an additional 515,529 shares during the last quarter. State Street Corp raised its stake in shares of Workday by 3.3% during the second quarter. State Street Corp now owns 9,600,516 shares of the software maker's stock valued at $2,304,124,000 after acquiring an additional 303,713 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker's stock valued at $1,183,112,000 after acquiring an additional 140,042 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock worth $872,610,000 after purchasing an additional 14,354 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

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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