Insider Selling: Workday, Inc. (NASDAQ:WDAY) Director Sells 78,000 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) Director Christa Davies sold 78,000 shares of the company’s stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $255.61, for a total value of $19,937,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Workday stock opened at $259.85 on Thursday. The company has a fifty day moving average price of $250.57 and a 200 day moving average price of $236.78. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. Workday, Inc. has a twelve month low of $137.62 and a twelve month high of $282.77. The stock has a market cap of $63.14 billion, a price-to-earnings ratio of -138.96 and a beta of 1.59.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, February 25th. The software maker reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.18. Workday had a negative return on equity of 10.56% and a negative net margin of 10.77%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. Analysts forecast that Workday, Inc. will post -0.71 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bainco International Investors purchased a new stake in shares of Workday during the fourth quarter valued at approximately $27,000. Birchcreek Wealth Management LLC acquired a new stake in Workday during the 4th quarter valued at $29,000. Childress Capital Advisors LLC purchased a new stake in Workday during the 4th quarter worth $30,000. Catalyst Capital Advisors LLC acquired a new position in Workday in the 4th quarter worth $30,000. Finally, Jackson Grant Investment Advisers Inc. purchased a new position in Workday in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

Several brokerages have recently issued reports on WDAY. Credit Suisse Group started coverage on Workday in a research report on Tuesday, March 16th. They issued a “neutral” rating and a $235.00 price objective on the stock. UBS Group cut their price objective on shares of Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, February 26th. OTR Global upgraded shares of Workday to a “positive” rating in a research report on Thursday, February 18th. Barclays boosted their price target on Workday from $255.00 to $278.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Finally, KeyCorp lifted their price objective on Workday from $251.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $263.22.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human resources. 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.

Further Reading: VIX – Volatility Index

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.