Insider Selling: Workday Inc (NYSE:WDAY) CFO Sells 5,267 Shares of Stock

Workday Inc (NYSE:WDAY) CFO Robynne Sisco sold 5,267 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $107.36, for a total value of $565,465.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, September 1st, Robynne Sisco sold 2,317 shares of Workday stock. The stock was sold at an average price of $109.32, for a total value of $253,294.44.
  • On Tuesday, August 15th, Robynne Sisco sold 1,470 shares of Workday stock. The shares were sold at an average price of $101.70, for a total value of $149,499.00.

Shares of Workday Inc (NYSE WDAY) traded up 1.30% during trading on Friday, hitting $108.51. 979,168 shares of the stock were exchanged. The firm’s 50 day moving average price is $106.24 and its 200-day moving average price is $100.02. Workday Inc has a 52 week low of $65.79 and a 52 week high of $111.45. The stock’s market cap is $22.57 billion.

Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. On average, analysts predict that Workday Inc will post $0.83 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of WDAY. Fortaleza Asset Management Inc. bought a new stake in shares of Workday during the third quarter worth $409,000. Crossmark Global Holdings Inc. purchased a new position in shares of Workday during the third quarter valued at $328,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Workday by 3.1% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 591,321 shares of the software maker’s stock valued at $62,319,000 after buying an additional 17,606 shares during the period. Pictet Asset Management Ltd. grew its stake in Workday by 7.8% in the third quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Korea Investment CORP grew its stake in Workday by 7.8% in the third quarter. Korea Investment CORP now owns 41,529 shares of the software maker’s stock valued at $4,377,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 67.08% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Workday from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Canaccord Genuity reissued a “buy” rating and issued a $115.00 price target on shares of Workday in a report on Friday, July 7th. JPMorgan Chase & Co. boosted their price objective on Workday to $115.00 and gave the company an “overweight” rating in a research report on Thursday, July 13th. Northland Securities reiterated a “hold” rating and set a $90.00 price target on shares of Workday in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $106.00 price objective on shares of Workday in a research note on Sunday, August 6th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and sixteen have given a buy rating to the stock. Workday presently has an average rating of “Hold” and a consensus target price of $100.00.

About Workday

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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

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