Workday Inc (WDAY) Insider Sells $4,636,608.00 in Stock

Workday Inc (NASDAQ:WDAY) insider Robynne Sisco sold 23,808 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $194.75, for a total value of $4,636,608.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Robynne Sisco also recently made the following trade(s):

  • On Thursday, March 21st, Robynne Sisco sold 40,000 shares of Workday stock. The stock was sold at an average price of $195.29, for a total value of $7,811,600.00.
  • On Monday, March 4th, Robynne Sisco sold 926 shares of Workday stock. The stock was sold at an average price of $189.35, for a total value of $175,338.10.

NASDAQ:WDAY opened at $200.35 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11. Workday Inc has a 12 month low of $117.24 and a 12 month high of $208.33. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of -164.22 and a beta of 1.79.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, February 28th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.02. Workday had a negative return on equity of 14.75% and a negative net margin of 14.82%. The business had revenue of $788.63 million for the quarter, compared to analyst estimates of $776.84 million. Equities research analysts anticipate that Workday Inc will post -1.2 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in WDAY. Laurel Wealth Advisors LLC purchased a new stake in shares of Workday during the fourth quarter worth about $26,000. Captrust Financial Advisors increased its position in shares of Workday by 60.0% during the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of Workday by 60.9% during the first quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock worth $29,000 after acquiring an additional 56 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Workday by 149.2% during the first quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock worth $29,000 after acquiring an additional 91 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Workday during the first quarter worth about $31,000. 69.96% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. BNP Paribas initiated coverage on Workday in a research note on Friday, March 29th. They set an “underperform” rating and a $125.00 target price for the company. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $220.00 price objective (up from $185.00) on shares of Workday in a research note on Tuesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective (up from $170.00) on shares of Workday in a research note on Friday, March 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 target price on shares of Workday in a report on Wednesday, February 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $215.00 target price on shares of Workday in a report on Friday, March 1st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $185.69.

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Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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