Insider Selling: Workday Inc (NYSE:WDAY) COO Sells 6,175 Shares of Stock

Workday Inc (NYSE:WDAY) COO James Bozzini sold 6,175 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $107.49, for a total transaction of $663,750.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Bozzini also recently made the following trade(s):

  • On Wednesday, September 27th, James Bozzini sold 13,700 shares of Workday stock. The shares were sold at an average price of $99.99, for a total transaction of $1,369,863.00.
  • On Tuesday, August 15th, James Bozzini sold 3,918 shares of Workday stock. The stock was sold at an average price of $101.68, for a total transaction of $398,382.24.

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

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

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A number of hedge funds and other institutional investors have recently modified their holdings of WDAY. Fisher Asset Management LLC increased its holdings in shares of Workday by 0.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock valued at $836,000 after acquiring an additional 45 shares during the period. Nordea Investment Management AB increased its holdings in shares of Workday by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after acquiring an additional 83 shares during the period. Global X Management Co. LLC increased its holdings in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after acquiring an additional 97 shares during the period. Gemmer Asset Management LLC increased its holdings in shares of Workday by 1.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock valued at $861,000 after acquiring an additional 117 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Workday by 2.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock valued at $538,000 after acquiring an additional 126 shares during the period. 67.08% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $125.00 price target on shares of Workday in a research note on Tuesday, October 17th. JMP Securities lowered shares of Workday from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. Cowen and Company reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Workday in a research note on Saturday, October 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $114.00 price target on shares of Workday in a research note on Thursday, October 12th. Finally, FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $125.00 in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus 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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