Insider Selling: Workday (NASDAQ:WDAY) CAO Sells $457,608.40 in Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 1,915 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the transaction, the chief accounting officer directly owned 37,351 shares in the company, valued at $8,925,394.96. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Workday Trading Down 3.0%

NASDAQ WDAY opened at $227.60 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 105.37, a price-to-earnings-growth ratio of 2.93 and a beta of 1.10. The company’s 50-day simple moving average is $231.07 and its two-hundred day simple moving average is $236.75. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. DA Davidson lifted their price objective on shares of Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. TD Cowen cut their price objective on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.83.

Institutional Trading of Workday

A number of institutional investors have recently bought and sold shares of WDAY. Rakuten Securities Inc. acquired a new stake in Workday in the 2nd quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its stake in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. acquired a new stake in Workday in the 1st quarter worth approximately $31,000. Berbice Capital Management LLC boosted its stake in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Workday in the 1st quarter worth approximately $32,000. 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.