Workday (NASDAQ:WDAY) Stock: Insider Mark Garfield Sells 918 Shares

Key Points

• Workday CAO Mark Garfield sold 918 shares at an average price of $189.45, for total proceeds of $173,915.10. The Rule 10b5-1 transaction reduced his direct holdings by 1.31% to 69,309 shares.
• Workday shares traded at $188.77, while the company reported quarterly EPS of $2.75 and revenue of $2.65 billion, exceeding analyst estimates. Revenue increased 12.8% year over year.
• Analyst sentiment remains mixed: 20 analysts rate the stock Buy, 18 Hold and two Sell, producing a consensus Hold rating and a $205.55 price target; institutional investors own 89.81% of shares.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark Garfield sold 918 shares of Workday stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $189.45, for a total value of $173,915.10. Following the transaction, the chief accounting officer directly owned 69,309 shares in the company, valued at approximately $13,130,590.05. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Stock Performance

Shares of WDAY stock traded up $2.75 during trading hours on Wednesday, hitting $188.77. The stock had a trading volume of 2,756,594 shares, compared to its average volume of 4,692,326. The firm has a market capitalization of $45.49 billion, a PE ratio of 38.29, a PEG ratio of 1.89 and a beta of 1.07. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $247.40. The stock's 50 day moving average is $190.66 and its 200 day moving average is $152.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on WDAY. Royal Bank Of Canada lifted their price objective on shares of Workday from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. Sanford C. Bernstein increased their target price on shares of Workday from $216.00 to $238.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Stifel Nicolaus raised their price target on Workday from $115.00 to $160.00 and gave the stock a "hold" rating in a report on Friday, August 28th. Weiss Ratings raised Workday from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Finally, BMO Capital Markets boosted their price target on Workday from $182.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Twenty analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Workday has a consensus rating of "Hold" and a consensus price target of $205.55.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a partnership with Anthropic that will connect Claude’s reasoning capabilities with Workday’s Sana agents, data, permissions and business rules. Customers will be able to access information, take actions and approve work through Claude or Sana, strengthening Workday’s enterprise AI positioning and potential growth prospects. Workday and Anthropic partnership
• Positive Sentiment: At its investor event, Workday introduced expanded AI offerings including Sana, Decision Intelligence, Work Intelligence and a headless Trusted Agent Platform. The tools are designed to automate HR, finance and IT workflows while retaining governance, approvals and audit trails, potentially improving customer adoption and retention. Workday AI product announcements
• Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents across enterprise systems. The deal could broaden Workday’s security and AI-governance capabilities, though financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition
• Neutral Sentiment: Workday continues to forecast double-digit revenue growth and reported its AI strategy at Analyst/Investor Day, but investors remain focused on the pace of sales growth and how quickly new AI products translate into revenue. Workday revenue-growth outlook
• Negative Sentiment: UBS lowered its Workday price target from $220 to $210 and assigned a neutral rating. The revised target still implies upside, but the reduction signals limited near-term conviction. UBS Workday price-target update
• Negative Sentiment: Major shareholder David Duffield sold 99,835 shares valued at approximately $18.7 million, cutting his direct holdings by 48.7%. The Rule 10b5-1 plan reduces the signaling value, but the sizable sale may still weigh on sentiment. SEC insider-sale filing

Hedge Funds Weigh In On Workday

Institutional investors have recently bought and sold shares of the company. First Citizens Bank & Trust Co. purchased a new position in Workday during the 3rd quarter worth $1,237,000. Cohen Capital Management Inc. acquired a new stake in shares of Workday in the 3rd quarter worth $202,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Workday in the 3rd quarter worth $304,000. GK Wealth Management LLC purchased a new stake in shares of Workday in the third quarter valued at about $72,000. Finally, Wedmont Private Capital boosted its holdings in shares of Workday by 11.4% in the third quarter. Wedmont Private Capital now owns 3,064 shares of the software maker's stock valued at $575,000 after acquiring an additional 313 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

About Workday

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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