Insider Selling: Workday (NASDAQ:WDAY) CFO Sells $1,395,720.00 in Stock

Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Workday Price Performance

NASDAQ WDAY opened at $238.22 on Friday. The business’s fifty day moving average price is $230.13 and its 200-day moving average price is $237.10. The stock has a market capitalization of $63.60 billion, a price-to-earnings ratio of 110.29, a PEG ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WDAY. Bank of America lowered their price target on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Stifel Nicolaus lowered their target price on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, August 22nd. KeyCorp lowered their target price on Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 target price on shares of Workday in a research report on Wednesday, September 17th. Finally, Cowen reiterated a “buy” rating on shares of Workday in a research report on Wednesday, September 17th. Three equities 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 stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $287.83.

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Workday by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock valued at $5,067,404,000 after acquiring an additional 515,529 shares during the period. State Street Corp grew its position in shares of Workday by 3.3% during the second quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock valued at $2,304,124,000 after purchasing an additional 303,713 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after purchasing an additional 140,042 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

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.