Insider Selling: Workday Inc (WDAY) Director Sells 1,124 Shares of Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 1,124 shares of Workday stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $192.96, for a total transaction of $216,887.04. Following the sale, the director now directly owns 158,821 shares in the company, valued at approximately $30,646,100.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.

David A. Duffield also recently made the following trade(s):

  • On Monday, March 4th, David A. Duffield sold 278,758 shares of Workday stock. The shares were sold at an average price of $179.40, for a total transaction of $50,009,185.20.

WDAY stock traded up $3.18 during midday trading on Friday, reaching $203.53. 1,134,388 shares of the company’s stock traded hands, compared to its average volume of 1,341,073. Workday Inc has a 52-week low of $117.24 and a 52-week high of $208.33. The stock has a market cap of $44.48 billion, a P/E ratio of -166.83 and a beta of 1.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data 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. The firm had revenue of $788.63 million during the quarter, compared to analysts’ expectations of $776.84 million. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. As a group, equities analysts forecast that Workday Inc will post -1.2 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. boosted 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 boosted 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. Laurel Wealth Advisors LLC bought a new position in shares of Workday during the fourth quarter worth $26,000. Captrust Financial Advisors boosted 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. Finally, Meeder Asset Management Inc. bought a new position in shares of Workday during the first quarter worth $31,000. 69.96% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Workday from $179.00 to $216.00 and gave the stock an “overweight” rating in a research note on Monday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price (up previously from $170.00) on shares of Workday in a research note on Friday, March 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 target price on shares of Workday in a research note on Friday, March 1st. Deutsche Bank upped their target price on shares of Workday from $155.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 target price on shares of Workday in a research note on Wednesday, February 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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