Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 102,500 Shares

Workday, Inc. (NASDAQ:WDAY – Get Rating) major shareholder David A. Duffield sold 102,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $142.63, for a total transaction of $14,619,575.00. Following the completion of the transaction, the insider now owns 205,000 shares in the company, valued at $29,239,150. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

NASDAQ:WDAY opened at $136.86 on Friday. The firm has a market capitalization of $34.76 billion, a P/E ratio of -1,140.50 and a beta of 1.41. Workday, Inc. has a 1-year low of $136.27 and a 1-year high of $307.81. The company’s fifty day moving average price is $183.55 and its 200-day moving average price is $225.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.56.

Workday (NASDAQ:WDAY – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The software maker reported $0.83 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.03). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. Equities analysts anticipate that Workday, Inc. will post -0.47 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in WDAY. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Workday by 5.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,257 shares of the software maker’s stock valued at $93,450,000 after purchasing an additional 19,748 shares during the period. Walleye Capital LLC grew its position in shares of Workday by 46.1% in the first quarter. Walleye Capital LLC now owns 20,356 shares of the software maker’s stock valued at $4,874,000 after purchasing an additional 6,424 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Workday in the first quarter valued at about $302,000. Toroso Investments LLC grew its position in shares of Workday by 7.8% in the first quarter. Toroso Investments LLC now owns 2,989 shares of the software maker’s stock valued at $716,000 after purchasing an additional 216 shares during the period. Finally, Capital International Sarl grew its position in shares of Workday by 16.3% in the first quarter. Capital International Sarl now owns 3,710 shares of the software maker’s stock valued at $888,000 after purchasing an additional 520 shares during the period. Institutional investors own 70.64% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Exane BNP Paribas cut shares of Workday from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 29th. BMO Capital Markets lowered their price target on shares of Workday from $249.00 to $239.00 in a research report on Friday, May 27th. Canaccord Genuity Group lowered their price target on shares of Workday from $325.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, May 27th. DA Davidson lowered their price target on shares of Workday from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Finally, Barclays decreased their target price on shares of Workday from $238.00 to $208.00 and set an “overweight” rating for the company in a research report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $255.58.

Workday Company Profile (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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