Workday (NASDAQ:WDAY) CAO Sells 918 Shares

Key Points

• Workday CAO Mark Garfield sold 918 shares on July 10 at an average price of $142.19, totaling about $130,530. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still holds 73,718 shares.
• Workday recently beat earnings expectations, reporting Q2 EPS of $2.66 versus estimates of $2.51 and revenue of $2.54 billion versus $2.52 billion expected. Revenue rose 13.5% year over year, and analysts now expect full-year EPS of 5.34.
• Analyst sentiment remains broadly positive, with several firms recently raising ratings or maintaining buy calls and an average target price of $184.00. The stock currently has a Moderate Buy consensus, though it traded down to $139.81 in the latest session.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark Garfield sold 918 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $142.19, for a total transaction of $130,530.42. Following the sale, the chief accounting officer owned 73,718 shares of the company's stock, valued at $10,481,962.42. This trade represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Price Performance

NASDAQ:WDAY traded down $5.06 on Tuesday, reaching $139.81. The stock had a trading volume of 4,644,187 shares, compared to its average volume of 4,591,004. The stock has a fifty day moving average price of $130.44 and a 200-day moving average price of $145.60. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85. The company has a market capitalization of $34.53 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.23 earnings per share. Research analysts forecast that Workday, Inc. will post 5.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Monness Crespi & Hardt raised shares of Workday from a "neutral" rating to a "buy" rating and set a $150.00 price target for the company in a research note on Thursday, June 25th. DA Davidson set a $135.00 target price on shares of Workday in a report on Tuesday, May 26th. William Blair raised Workday to a "strong-buy" rating in a research note on Friday, May 22nd. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, BTIG Research restated a "buy" rating and issued a $175.00 price objective on shares of Workday in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $184.00.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday has continued to attract bullish analyst attention, with some commentary arguing the stock looks undervalued relative to enterprise AI/software peers and supported by rising earnings estimates. Workday vs. Arista: Which Enterprise AI Stock Has More Upside Now?
• Positive Sentiment: Earlier in the week, enterprise software names, including Workday, bounced as investors rotated into oversold software stocks after weakness in semiconductors. Salesforce, Workday, and PagerDuty Stocks Trade Up, What You Need To Know
• Neutral Sentiment: Workday was highlighted in market commentary as a strong growth stock, but this was more of a style-score/valuation discussion than a fresh catalyst for shares. Here's Why Workday (WDAY) is a Strong Growth Stock
• Negative Sentiment: Large-shareholder selling by co-founder David Duffield added caution, even though the sale was made under a pre-arranged Rule 10b5-1 plan. Workday NASDAQ: WDAY Major Shareholder Sells 107,500 Shares of Stock
• Negative Sentiment: Broad software-sector weakness tied to IBM’s results and comments about budget shifts toward hardware has weighed on Workday alongside peers like HubSpot, Asana, and The Trade Desk. Software Stocks Sink as IBM Miss Delivers ‘Devastating Blow’

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the third quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new stake in Workday in the third quarter valued at approximately $30,000. DT Investment Partners LLC bought a new stake in shares of Workday during the fourth quarter worth $27,000. Finally, LRI Investments LLC bought a new stake in shares of Workday during the fourth quarter worth $29,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Company Profile

Workday, Inc NASDAQ: WDAY is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday's platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company's product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.

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