Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 70,144 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 70,144 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $25,776,029.22. This represents a 40.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Trading Down 0.8 %

Shares of WDAY stock opened at $250.79 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a market capitalization of $66.71 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The firm has a 50 day moving average price of $257.01 and a two-hundred day moving average price of $255.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WDAY shares. Loop Capital boosted their price target on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. The Goldman Sachs Group upped their price target on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer lifted their price objective on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Barclays cut their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Daiwa America raised shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.36.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently modified their holdings of the business. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the fourth quarter valued at approximately $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in Workday during the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC increased its stake in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.