Insider Selling: Workday, Inc. (WDAY) Director Sells 397,053 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) Director David A. Duffield sold 397,053 shares of the company’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $125.96, for a total transaction of $50,012,795.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ WDAY traded up $0.71 during midday trading on Monday, hitting $123.29. 1,105,022 shares of the company’s stock traded hands, compared to its average volume of 1,693,715. Workday, Inc. has a 1 year low of $80.76 and a 1 year high of $140.00. The firm has a market capitalization of $25,741.80, a P/E ratio of -97.08 and a beta of 1.79. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.73.

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Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Workday had a negative net margin of 14.99% and a negative return on equity of 16.31%. The firm had revenue of $582.48 million during the quarter, compared to analyst estimates of $573.41 million. equities research analysts anticipate that Workday, Inc. will post -1.24 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Guggenheim reiterated a “hold” rating and issued a $106.00 price target on shares of Workday in a research note on Thursday, January 11th. Cowen reiterated a “market perform” rating and issued a $117.00 price target (up previously from $107.00) on shares of Workday in a research note on Thursday, February 22nd. BMO Capital Markets upped their price target on shares of Workday from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Wells Fargo reiterated a “market perform” rating and issued a $130.00 price target (up previously from $92.50) on shares of Workday in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target (up previously from $130.00) on shares of Workday in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $119.22.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. WINTON GROUP Ltd purchased a new stake in shares of Workday during the 3rd quarter valued at about $208,000. Schwab Charles Investment Management Inc. increased its holdings in Workday by 6.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 231,263 shares of the software maker’s stock worth $24,373,000 after acquiring an additional 13,560 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Workday by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 105,563 shares of the software maker’s stock worth $11,121,000 after acquiring an additional 3,839 shares in the last quarter. KBC Group NV increased its holdings in Workday by 78.3% in the 3rd quarter. KBC Group NV now owns 22,520 shares of the software maker’s stock worth $2,374,000 after acquiring an additional 9,888 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Workday by 237.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,690 shares of the software maker’s stock worth $1,759,000 after acquiring an additional 11,739 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

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

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