David A. Duffield Sells 15,000 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $243.17, for a total value of $3,647,550.00. Following the completion of the sale, the insider now owns 45,000 shares in the company, valued at approximately $10,942,650. This represents a 25.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Stock Up 0.2 %

NASDAQ WDAY opened at $252.50 on Thursday. The business’s fifty day simple moving average is $256.84 and its 200-day simple moving average is $255.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $67.17 billion, a PE ratio of 41.87, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WDAY shares. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and increased their price target for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Bank of America lowered their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Piper Sandler lifted their price target on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Finally, Redburn Atlantic began coverage on Workday in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $300.36.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Crews Bank & Trust acquired a new stake in Workday during the fourth quarter worth $26,000. Roxbury Financial LLC purchased a new position in shares of Workday during the 4th quarter worth $25,000. Avion Wealth increased its position in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new stake in Workday in the 4th quarter valued at about $35,000. Finally, Meeder Asset Management Inc. lifted its position in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.