Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 107,500 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 107,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $132.67, for a total value of $14,262,025.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at approximately $13,936,850.83. The trade was a 50.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Workday Price Performance

Shares of NASDAQ WDAY opened at $135.17 on Wednesday. The stock’s 50-day simple moving average is $161.65 and its 200-day simple moving average is $204.48. The firm has a market capitalization of $34.74 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Workday in a research report on Monday, February 23rd. Loop Capital set a $210.00 price target on shares of Workday in a research report on Thursday, March 12th. KeyCorp decreased their price objective on shares of Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. TD Cowen lowered Workday from a “buy” rating to a “hold” rating and set a $155.00 price objective on the stock. in a report on Wednesday, February 25th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research report on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.71.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced “Sana” — a global rollout of its conversational superintelligence (Sana for Workday, Sana Self‑Service Agent, and Sana Enterprise) aimed at automating HR/finance workflows and connecting Workday to apps like Gmail, Outlook and Salesforce; this product push could accelerate adoption and expand addressable spend. Read More.
• Positive Sentiment: Workday rolled out new AI agent control tools for enterprise customers, addressing governance and control concerns that often slow AI deployments — a practical move to help CIOs and procurement teams approve deployments. Read More.
• Positive Sentiment: Workday won a significant healthcare engagement: Fairview Health Services selected Workday as its core HR/finance platform for a multi‑year transformation (and Workday partnered with MRI Software to link facilities data) — a material enterprise win in a large vertical. Read More.
• Positive Sentiment: AppZen completed a Workday Design Approved integration for autonomous expense auditing, expanding Workday’s Marketplace ecosystem and making it easier for customers to adopt AI expense controls inside Workday. Read More.
• Neutral Sentiment: Workday is listed among Western U.S. companies expanding operations in Ireland alongside other tech names — a positive sign for international footprint but not an immediate revenue driver. Read More.
• Neutral Sentiment: Analyst/industry comparisons (WDAY vs. IBM) and coverage highlight mixed positioning: Workday’s growth is noted, but competitors’ cloud/AI strategies and estimate revisions create a mixed analyst backdrop. Read More.
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (about $14.3M at the sale price), reducing his direct holding by ~50.6% — a large insider sale that can spook investors even if not tied to company fundamentals. Read More.
• Negative Sentiment: Critical commentary questions Workday’s seat‑based model in an era of autonomous AI agents (“AI agents don’t buy seats”) and notes the stock’s steep YTD decline, feeding skepticism about long‑term revenue implications of agent automation. Read More.

Institutional Trading of Workday

A number of large investors have recently bought and sold shares of the business. First Eagle Investment Management LLC acquired a new position in Workday in the 3rd quarter valued at about $556,252,000. PKO Investment Management Joint Stock Co purchased a new stake in Workday during the 3rd quarter valued at approximately $1,805,000. Phoenix Financial Ltd. acquired a new stake in Workday during the 3rd quarter worth approximately $2,000,000. Rakuten Investment Management Inc. purchased a new position in shares of Workday in the 3rd quarter valued at approximately $124,718,000. Finally, Norges Bank purchased a new position in shares of Workday in the 2nd quarter valued at approximately $442,702,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.