Workday, Inc. (NASDAQ:WDAY) Insider Sells $2,265,569.87 in Stock

Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Richard Harry Sauer sold 8,447 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares in the company, valued at $17,797,342.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Workday Stock Up 0.9 %

Shares of Workday stock traded up $2.49 during trading hours on Tuesday, reaching $271.10. The company's stock had a trading volume of 1,232,699 shares, compared to its average volume of 1,820,236. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a market capitalization of $71.57 billion, a P/E ratio of 52.64, a P/E/G ratio of 6.70 and a beta of 1.32. The stock's fifty day simple moving average is $283.73 and its two-hundred day simple moving average is $260.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) earnings per share. On average, research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current year.

Institutional Trading of Workday

Several institutional investors and hedge funds have recently made changes to their positions in WDAY. RB Capital Management LLC raised its holdings in shares of Workday by 2.8% in the first quarter. RB Capital Management LLC now owns 2,763 shares of the software maker's stock valued at $662,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC increased its holdings in Workday by 11.8% during the first quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker's stock worth $601,000 after buying an additional 265 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Workday during the first quarter worth about $2,974,000. Yousif Capital Management LLC increased its holdings in Workday by 2.7% during the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker's stock worth $674,000 after buying an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Workday by 10.3% during the first quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker's stock worth $812,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. KeyCorp upped their price objective on shares of Workday from $310.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 price objective on shares of Workday in a research note on Tuesday, February 27th. The Goldman Sachs Group upped their price objective on shares of Workday from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $330.00 price objective on shares of Workday in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average target price of $293.61.

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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