Insider Selling: Workday Inc (WDAY) Director Sells $50,012,872.40 in Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 374,488 shares of the company’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $133.55, for a total transaction of $50,012,872.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of WDAY opened at $128.31 on Friday. The stock has a market capitalization of $31.68 billion, a PE ratio of -101.66 and a beta of 2.01. Workday Inc has a fifty-two week low of $95.35 and a fifty-two week high of $157.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The firm had revenue of $671.70 million for the quarter, compared to the consensus estimate of $663.38 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts expect that Workday Inc will post -1.11 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in WDAY. MUFG Securities EMEA plc acquired a new position in Workday in the second quarter worth approximately $448,000. First Trust Advisors LP increased its holdings in Workday by 43.3% in the second quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock worth $119,898,000 after buying an additional 299,251 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Workday by 1,077.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 286,841 shares of the software maker’s stock worth $34,742,000 after buying an additional 262,485 shares during the last quarter. Ardevora Asset Management LLP increased its holdings in Workday by 254.7% in the second quarter. Ardevora Asset Management LLP now owns 278,326 shares of the software maker’s stock worth $33,711,000 after buying an additional 199,856 shares during the last quarter. Finally, Criterion Capital Management LLC acquired a new position in Workday in the second quarter worth approximately $16,484,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.

A number of analysts have commented on the stock. BidaskClub lowered shares of Workday from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Barclays reaffirmed a “hold” rating and set a $150.00 price objective on shares of Workday in a research note on Thursday, September 6th. Deutsche Bank upped their price objective on shares of Workday from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Finally, Credit Suisse Group upped their price objective on shares of Workday from $120.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $146.03.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

See Also: Can individual investors take part in an IPO?

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.

Leave a Reply