Insider Selling: Workday Inc (WDAY) Insider Sells 45,000 Shares of Stock

Workday Inc (NASDAQ:WDAY) insider Mark S. Peek sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $105.31, for a total value of $4,738,950.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Workday Inc (NASDAQ WDAY) opened at $109.32 on Friday. Workday Inc has a 12 month low of $71.56 and a 12 month high of $116.89. The company has a market capitalization of $22,750.00, a price-to-earnings ratio of -75.92 and a beta of 1.83. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The business had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. sell-side analysts expect that Workday Inc will post -1.1 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in Workday by 46.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 84,863 shares of the software maker’s stock worth $8,944,000 after acquiring an additional 26,967 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in Workday during the 3rd quarter worth about $363,000. California Public Employees Retirement System lifted its stake in Workday by 1.7% during the 3rd quarter. California Public Employees Retirement System now owns 221,300 shares of the software maker’s stock worth $23,323,000 after acquiring an additional 3,800 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Workday by 418.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after acquiring an additional 99,144 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Workday during the 3rd quarter worth about $2,276,000. 67.54% of the stock is currently owned by institutional investors and hedge funds.

WDAY has been the subject of several research reports. Guggenheim initiated coverage on Workday in a research report on Monday, October 30th. They set a “neutral” rating and a $105.00 price target for the company. UBS Group reiterated a “sell” rating and set a $95.00 price target (down from $121.00) on shares of Workday in a research report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and set a $114.00 price target on shares of Workday in a research report on Friday, November 10th. Barclays boosted their price target on Workday from $108.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Finally, JMP Securities cut Workday from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $103.88.

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Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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