Workday (NASDAQ:WDAY) CAO Sells $173,915.10 in Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 918 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $189.45, for a total value of $173,915.10. Following the completion of the transaction, the chief accounting officer owned 69,309 shares in the company, valued at approximately $13,130,590.05. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Trading Down 3.0%

Shares of NASDAQ WDAY traded down $5.82 during midday trading on Friday, hitting $190.81. The stock had a trading volume of 2,538,432 shares, compared to its average volume of 2,312,056. The company has a market capitalization of $45.99 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.97 and a beta of 1.07. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $247.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $191.78 and a 200 day moving average price of $153.66.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 EPS. On average, analysts predict that Workday, Inc. will post 5.33 earnings per share for the current year.

Institutional Trading of Workday

A number of hedge funds have recently made changes to their positions in the company. Auto Owners Insurance Co grew its holdings in Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. Janus Henderson Group PLC increased its stake in Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after buying an additional 2,525,821 shares during the period. Contour Asset Management LLC purchased a new stake in Workday during the 4th quarter worth $184,083,000. Pacer Advisors Inc. lifted its holdings in Workday by 840.9% in the 4th quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock worth $164,317,000 after buying an additional 683,741 shares in the last quarter. Finally, Lead Edge Capital Management LLC acquired a new position in Workday in the 1st quarter worth $79,988,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Wall Street Analyst Weigh In

WDAY has been the topic of several recent research reports. Piper Sandler lifted their target price on shares of Workday from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Barclays increased their price target on Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a report on Friday, August 28th. William Blair reissued an “outperform” rating on shares of Workday in a research report on Friday, August 28th. BTIG Research reissued a “neutral” rating on shares of Workday in a research report on Friday. Finally, Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $205.03.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.