Insider Selling: Workday (NASDAQ:WDAY) Insider Sells $391,795.36 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 2,728 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total transaction of $391,795.36. Following the completion of the sale, the insider directly owned 266,388 shares of the company’s stock, valued at $38,258,644.56. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Price Performance

Workday stock opened at $138.34 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $129.45 and a 200 day moving average price of $147.19. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The stock has a market cap of $34.17 billion, a P/E ratio of 43.23, a PEG ratio of 1.48 and a beta of 1.11.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $2.23 EPS. Workday’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 5.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WDAY. KeyCorp increased their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. TD Cowen reiterated a “hold” rating on shares of Workday in a report on Friday, May 22nd. Oppenheimer reissued an “outperform” rating on shares of Workday in a research report on Thursday, June 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Workday in a report on Wednesday, June 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $184.00.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was highlighted in fresh analysis suggesting the stock could be about 19% undervalued, with investors encouraged by its enterprise software growth and AI-related optimism. Workday (WDAY) Could Be 19% Undervalued After Risk Off Selling Hits Software
• Positive Sentiment: The company also appointed John Lombard to lead Asia Pacific growth, a move that could support international expansion and sales execution over time. Workday (WDAY) Appoints John Lombard To Lead Asia Pacific Growth
• Neutral Sentiment: Recent insider sales by executives Robert Enslin, Zane Rowe, and Gerrit Kazmaier may draw attention, but the disclosure indicates at least one sale was made under a pre-arranged trading plan for tax withholding, limiting the negative signal. Robert Enslin Sells 5,374 Shares of Workday (NASDAQ:WDAY) Stock
• Neutral Sentiment: Workday’s strong prior-quarter results still support the long-term story, with earnings and revenue both beating expectations and revenue rising 13.5% year over year.
• Negative Sentiment: Shares have also been weighed by a broader selloff in high-multiple software stocks after rising oil prices and bond yields pressured growth valuations, and Salesforce’s downgrade added to the sector weakness. Paycom, Workday, and Flywire Shares Are Falling, What You Need To Know
• Negative Sentiment: Another valuation check said Workday looks fairly valued despite AI optimism, suggesting the recent pullback may not have made the stock a clear bargain yet. Workday (WDAY) Stock Looks Fairly Valued Despite Fresh AI Growth Optimism

Institutional Trading of Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new stake in shares of Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday in the third quarter valued at approximately $26,000. DT Investment Partners LLC purchased a new stake in Workday during the 4th quarter worth approximately $27,000. LRI Investments LLC acquired a new stake in Workday during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in Workday in the 3rd quarter valued at approximately $30,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.