Insider Selling: Workday (NASDAQ:WDAY) Insider Sells 2,320 Shares of Stock

Key Points

• Workday insider Richard Harry Sauer sold 2,320 shares of stock on October 7th at an average price of $235.87, totaling approximately $547,218.40, reducing his ownership by 2.51%.
• Shares of Workday (NASDAQ: WDAY) dropped 2.2% to $233.17, with a market cap of $62.26 billion and a PE ratio of 107.95.
• Analysts currently have a consensus rating of "Moderate Buy" on Workday, with a target price of approximately $287.83.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the transaction, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% 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 hyperlink.

Richard Harry Sauer also recently made the following trade(s):

• On Wednesday, September 17th, Richard Harry Sauer sold 1,160 shares of Workday stock. The shares were sold at an average price of $235.41, for a total transaction of $273,075.60.
• On Thursday, September 11th, Richard Harry Sauer sold 1,160 shares of Workday stock. The shares were sold at an average price of $226.63, for a total transaction of $262,890.80.

Workday Stock Down 2.2%

Shares of NASDAQ WDAY traded down $5.19 during trading hours on Tuesday, hitting $233.17. 1,975,035 shares of the stock were exchanged, compared to its average volume of 3,632,338. 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 company has a market cap of $62.26 billion, a PE ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10. The firm has a fifty day moving average price of $229.94 and a 200-day moving average price of $237.18. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

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

Wall Street Analyst Weigh In

WDAY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Zacks Research raised shares of Workday from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Cowen reissued a "buy" rating on shares of Workday in a research report on Wednesday, September 17th. TD Cowen dropped their target price on shares of Workday from $310.00 to $290.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Workday in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

Hedge Funds Weigh In On Workday

A number of large investors have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new position in Workday during the second quarter worth $25,000. Cornerstone Planning Group LLC raised its position in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after buying an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in shares of Workday in the first quarter valued at about $31,000. Berbice Capital Management LLC raised its position in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after buying an additional 75 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday in the first quarter valued at about $32,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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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