Workday (NASDAQ:WDAY) CAO Mark Garfield Sells 1,915 Shares

Key Points

• Workday's CAO, Mark Garfield, sold 1,915 shares at an average price of $238.96, resulting in a total transaction of approximately $457,608, which reduces his holdings by 4.88%.
• Workday's stock has a market cap of $63.33 billion and its earnings report showed a year-over-year revenue increase of 12.6% along with an EPS of $2.21, exceeding analysts' expectations.
• Wall Street analysts have mixed views on Workday, with a consensus rating of "Moderate Buy" and an average target price of $287.83, reflecting varying opinions on its future performance.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark Garfield sold 1,915 shares of the company's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the transaction, the chief accounting officer owned 37,351 shares in the company, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Workday Stock Up 0.2%

Shares of Workday stock traded up $0.58 during midday trading on Tuesday, reaching $237.18. 1,784,661 shares of the company's stock traded hands, compared to its average volume of 2,616,483. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company's 50 day simple moving average is $230.58 and its 200 day simple moving average is $236.81. The company has a market cap of $63.33 billion, a price-to-earnings ratio of 109.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10.

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

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. KeyCorp decreased their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 price objective for the company in a report on Wednesday, September 17th. Stifel Nicolaus decreased their price objective on shares of Workday from $275.00 to $255.00 and set a "hold" rating for the company in a report on Friday, August 22nd. Finally, DA Davidson upped their price objective on shares of Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $287.83.

Institutional Trading of Workday

A number of hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after acquiring an additional 2,792 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Workday by 128.5% during the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker's stock worth $659,000 after acquiring an additional 1,586 shares during the period. NorthCrest Asset Manangement LLC bought a new position in shares of Workday during the 1st quarter worth about $453,000. CVA Family Office LLC lifted its holdings in shares of Workday by 53.4% during the 1st quarter. CVA Family Office LLC now owns 382 shares of the software maker's stock worth $89,000 after acquiring an additional 133 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Workday by 3.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,545 shares of the software maker's stock worth $9,468,000 after acquiring an additional 1,469 shares during the period. 89.81% of the stock is owned by institutional investors.

About Workday

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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