David A. Duffield Sells 458,496 Shares of Workday Inc (WDAY) Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 458,496 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $109.09, for a total transaction of $50,017,328.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Workday Inc (NASDAQ:WDAY) opened at $112.90 on Friday. Workday Inc has a fifty-two week low of $79.11 and a fifty-two week high of $116.89. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. The company has a market cap of $23,480.00, a PE ratio of -78.40 and a beta of 1.83.

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

A number of institutional investors have recently added to or reduced their stakes in WDAY. Advisor Group Inc. lifted its position in Workday by 22.5% during the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after purchasing an additional 236 shares during the period. FNY Managed Accounts LLC lifted its position in Workday by 607.7% during the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after purchasing an additional 1,185 shares during the period. Toronto Dominion Bank lifted its position in Workday by 15.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after purchasing an additional 201 shares during the period. IBM Retirement Fund acquired a new position in Workday during the 3rd quarter valued at about $204,000. Finally, BlueSky Wealth Advisors LLC acquired a new position in Workday during the 3rd quarter valued at about $206,000. Institutional investors own 66.90% of the company’s stock.

Several equities research analysts have recently weighed in on WDAY shares. Oppenheimer reaffirmed a “buy” rating and issued a $117.00 target price on shares of Workday in a report on Monday, September 18th. BidaskClub lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 target price on shares of Workday in a report on Friday, October 6th. Finally, FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $106.81.

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About Workday

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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