Workday Inc (NASDAQ:WDAY) CEO Sells $48,387,000.00 in Stock

Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.29, for a total value of $48,387,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, October 15th, Aneel Bhusri sold 6,355 shares of Workday stock. The stock was sold at an average price of $184.02, for a total value of $1,169,447.10.

Shares of WDAY traded down $0.28 during mid-day trading on Tuesday, reaching $163.36. The company had a trading volume of 1,017,095 shares, compared to its average volume of 2,143,060. Workday Inc has a twelve month low of $141.70 and a twelve month high of $226.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50-day moving average is $165.94 and its 200-day moving average is $187.27. The company has a market capitalization of $37.19 billion, a P/E ratio of -133.90 and a beta of 1.54.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, December 3rd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.16. Workday had a negative return on equity of 11.63% and a negative net margin of 13.29%. The business had revenue of $938.10 million during the quarter, compared to analysts’ expectations of $920.65 million. During the same period in the prior year, the firm posted $0.31 EPS. Workday’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities analysts expect that Workday Inc will post -1.17 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. Robert W. Baird decreased their price target on Workday from $220.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Compass Point downgraded Workday from a “buy” rating to a “neutral” rating and set a $199.00 target price for the company. in a research note on Wednesday, December 4th. Mizuho set a $225.00 target price on Workday and gave the company a “buy” rating in a research note on Friday, August 30th. Deutsche Bank decreased their target price on Workday from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Finally, JMP Securities set a $225.00 target price on Workday and gave the company a “buy” rating in a research note on Friday, August 30th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $208.06.

Institutional investors and hedge funds have recently modified their holdings of the company. Banco de Sabadell S.A bought a new stake in Workday during the 2nd quarter worth approximately $31,000. San Francisco Sentry Investment Group CA grew its position in Workday by 445.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock worth $33,000 after acquiring an additional 156 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Workday during the 3rd quarter worth approximately $34,000. Shine Investment Advisory Services Inc. grew its position in Workday by 121.7% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 204 shares of the software maker’s stock worth $35,000 after acquiring an additional 112 shares during the last quarter. Finally, Synovus Financial Corp grew its position in Workday by 88.5% during the 3rd quarter. Synovus Financial Corp now owns 213 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. 67.09% of the stock is owned by institutional investors and hedge funds.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

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

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.