Workday, Inc. (WDAY) Director David A. Duffield Sells 397,053 Shares

Workday, Inc. (NASDAQ:WDAY) Director David A. Duffield sold 397,053 shares of Workday stock in a transaction that occurred on 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 this hyperlink.

Shares of NASDAQ:WDAY opened at $126.63 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.73. Workday, Inc. has a 1-year low of $82.48 and a 1-year high of $140.00. The company has a market cap of $25,890.90, a price-to-earnings ratio of -99.71 and a beta of 1.80.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share for the quarter, beating the 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 business had revenue of $582.48 million for the quarter, compared to the consensus estimate of $573.41 million. equities research analysts predict that Workday, Inc. will post -1.24 EPS for the current fiscal year.



A number of large investors have recently modified their holdings of WDAY. WINTON GROUP Ltd purchased a new position in Workday during the third quarter valued at approximately $208,000. Schwab Charles Investment Management Inc. lifted its holdings in Workday by 6.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 231,263 shares of the software maker’s stock valued at $24,373,000 after purchasing an additional 13,560 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Workday by 3.8% during the third quarter. Dimensional Fund Advisors LP now owns 105,563 shares of the software maker’s stock valued at $11,121,000 after purchasing an additional 3,839 shares in the last quarter. KBC Group NV lifted its holdings in Workday by 78.3% during the third quarter. KBC Group NV now owns 22,520 shares of the software maker’s stock valued at $2,374,000 after purchasing an additional 9,888 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Workday by 237.1% during the third quarter. Envestnet Asset Management Inc. now owns 16,690 shares of the software maker’s stock valued at $1,759,000 after purchasing an additional 11,739 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on WDAY. BidaskClub upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. KeyCorp reiterated a “buy” rating and issued a $140.00 price target (up from $131.00) on shares of Workday in a research note on Wednesday, February 28th. Canaccord Genuity reiterated a “buy” rating and issued a $145.00 price target (up from $125.00) on shares of Workday in a research note on Wednesday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target (up from $130.00) on shares of Workday in a research note on Wednesday, February 28th. Finally, Barclays lifted their price target on shares of Workday from $115.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Workday presently has an average rating of “Buy” and a consensus price target of $120.41.

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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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