Workday Inc (WDAY) Director David A. Duffield Sells 1,054 Shares

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 1,054 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $205.21, for a total transaction of $216,291.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 opened at $210.38 on Monday. The firm has a market capitalization of $46.70 billion, a P/E ratio of -172.44 and a beta of 1.79. 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 $213.98.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, February 28th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.02. The firm had revenue of $788.63 million for 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 research analysts anticipate that Workday Inc will post -1.2 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Workday by 2.0% during the third quarter. Legal & General Group Plc now owns 547,832 shares of the software maker’s stock valued at $79,972,000 after purchasing an additional 10,756 shares during the last quarter. Vanguard Group Inc increased its stake in Workday by 0.8% during the third quarter. Vanguard Group Inc now owns 12,604,769 shares of the software maker’s stock valued at $1,840,044,000 after purchasing an additional 98,167 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Workday by 0.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 46,225 shares of the software maker’s stock valued at $7,381,000 after purchasing an additional 431 shares during the last quarter. Virtu Financial LLC bought a new stake in Workday during the fourth quarter valued at $507,000. Finally, Highland Capital Management LLC increased its stake in Workday by 17.4% during the fourth quarter. Highland Capital Management LLC now owns 2,700 shares of the software maker’s stock valued at $431,000 after purchasing an additional 400 shares during the last quarter. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on WDAY shares. BNP Paribas started coverage on shares of Workday in a research note on Friday, March 29th. They set an “underperform” rating and a $125.00 price objective for the company. Bank of America reiterated a “buy” rating and set a $208.00 price objective on shares of Workday in a research note on Friday. Monness Crespi & Hardt reiterated a “buy” rating and set a $220.00 price objective (up from $185.00) on shares of Workday in a research note on Tuesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective (up from $170.00) on shares of Workday in a research note on Friday, March 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 price objective 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 issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $185.69.

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About Workday

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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