Workday, Inc. (NASDAQ:WDAY) Major Shareholder Sells $11,922,690.00 in Stock

Workday, Inc. (NASDAQ:WDAYGet Free Report) major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the sale, the insider now directly owns 786,000 shares of the company’s stock, valued at $164,407,620. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

WDAY opened at $207.69 on Thursday. The firm has a market capitalization of $55.04 billion, a PE ratio of 37.42, a PEG ratio of 6.37 and a beta of 1.33. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The business’s 50-day simple moving average is $238.11 and its 200 day simple moving average is $265.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00.

Workday (NASDAQ:WDAYGet Free Report) last issued its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.20. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. Workday’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. As a group, sell-side analysts expect that Workday, Inc. will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its holdings in shares of Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Workday during the 1st quarter valued at $27,000. Clear Street Markets LLC acquired a new stake in shares of Workday during the 3rd quarter valued at $29,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WDAY shares. KeyCorp cut their price objective on Workday from $330.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. TheStreet raised Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. Oppenheimer dropped their target price on Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus dropped their target price on Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Finally, BMO Capital Markets dropped their target price on Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Workday has an average rating of “Moderate Buy” and a consensus target price of $283.96.

Read Our Latest Report on Workday

About Workday

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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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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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