Insider Selling: Workday Inc (WDAY) CEO Sells 300,000 Shares of Stock

Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $165.54, for a total value of $49,662,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Aneel Bhusri also recently made the following trade(s):

  • On Monday, October 15th, Aneel Bhusri sold 7,366 shares of Workday stock. The stock was sold at an average price of $127.26, for a total value of $937,397.16.

Shares of WDAY opened at $160.43 on Friday. The firm has a market capitalization of $35.81 billion, a price-to-earnings ratio of -126.32 and a beta of 2.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.10. Workday Inc has a 52 week low of $100.24 and a 52 week high of $172.67.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, November 29th. The software maker reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.76. The firm had revenue of $743.20 million for the quarter, compared to analyst estimates of $723.38 million. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Analysts forecast that Workday Inc will post -1.04 EPS for the current year.

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on Workday from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, December 3rd. Cantor Fitzgerald set a $185.00 price target on Workday and gave the stock a “buy” rating in a research report on Sunday, December 2nd. Royal Bank of Canada increased their price target on Workday to $170.00 and gave the stock an “outperform” rating in a research report on Friday, November 30th. Stifel Nicolaus increased their price target on Workday to $160.00 and gave the stock a “hold” rating in a research report on Friday, November 30th. Finally, KeyCorp increased their price target on Workday from $177.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Workday currently has a consensus rating of “Buy” and a consensus price target of $155.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new position in shares of Workday in the 3rd quarter valued at $185,000. Athena Capital Advisors LLC acquired a new position in shares of Workday in the 3rd quarter valued at $202,000. Nisa Investment Advisors LLC lifted its stake in shares of Workday by 55.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock valued at $170,000 after purchasing an additional 500 shares during the period. MML Investors Services LLC acquired a new position in shares of Workday in the 3rd quarter valued at $208,000. Finally, Grassi Investment Management acquired a new position in shares of Workday in the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 68.92% of the company’s stock.

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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.

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