Insider Selling: Workday (NASDAQ:WDAY) Insider Sells 1,160 Shares of Stock

Key Points

• Richard Harry Sauer, an insider at Workday, sold 1,160 shares of the company's stock for approximately $262,890.80, reducing their ownership by 1.18%.
• Workday recently reported earnings of $2.21 per share, exceeding estimates, with quarterly revenue reaching $2.35 billion, a 12.6% year-over-year increase.
• Institutional investors hold a significant share in Workday, owning 89.81% of the company's stock, with several firms increasing their stakes in the second quarter.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Richard Harry Sauer sold 1,160 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $226.63, for a total transaction of $262,890.80. Following the completion of the transaction, the insider directly owned 96,916 shares in the company, valued at $21,964,073.08. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Workday Price Performance

Workday stock traded down $0.64 during mid-day trading on Monday, reaching $222.75. 2,385,762 shares of the company's stock traded hands, compared to its average volume of 2,514,871. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a market cap of $59.47 billion, a price-to-earnings ratio of 103.13, a PEG ratio of 3.11 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $229.28 and a two-hundred day moving average of $238.72.

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

Institutional Investors Weigh In On Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Workday by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker's stock worth $5,067,404,000 after purchasing an additional 515,529 shares during the period. State Street Corp grew its stake in Workday by 3.3% in the 2nd 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 period. Geode Capital Management LLC grew its stake in Workday by 2.9% in the 2nd 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 period. T. Rowe Price Investment Management Inc. grew its stake in Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock valued at $872,610,000 after acquiring an additional 14,354 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America cut their price target on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Morgan Stanley set a $255.00 target price on shares of Workday and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a report on Tuesday, September 9th. Stifel Nicolaus dropped their target price on shares of Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, August 22nd. Finally, UBS Group set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and a consensus price target of $286.81.

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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