Insider Selling: Workday (NASDAQ:WDAY) Major Shareholder Sells $18,660,982.05 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 98,971 shares of Workday stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $188.55, for a total transaction of $18,660,982.05. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $19,806,988.95. This represents a 48.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Price Performance

Shares of Workday stock traded up $1.29 during trading on Wednesday, hitting $190.46. The stock had a trading volume of 2,109,563 shares, compared to its average volume of 4,832,125. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 38.63, a P/E/G ratio of 1.90 and a beta of 1.08. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $247.40. The business’s 50-day moving average is $183.74 and its 200 day moving average is $148.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. As a group, sell-side analysts anticipate that Workday, Inc. will post 5.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WDAY. Morgan Stanley raised their target price on shares of Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Wells Fargo & Company upped their price target on Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. UBS Group set a $230.00 price objective on Workday in a research report on Friday, August 28th. DA Davidson boosted their target price on Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Finally, Monness Crespi & Hardt boosted their target price on Workday from $202.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Twenty research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.34.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: William Blair analyst Patrick McIlwee reaffirmed a Buy rating, citing Workday’s discounted valuation, efficiency initiatives and potential for stronger margins. The bullish view supports the stock by suggesting the workforce reduction could improve profitability without undermining long-term growth. Analyst Reaffirms Buy on Workday, Citing Discounted Valuation, Efficiency Gains and Strong Margin Outlook
• Positive Sentiment: Commentary argues that reducing headcount could bolster Workday’s AI strategy by reallocating resources and improving operating leverage. Investors may view the restructuring as evidence that management is prioritizing scalable growth and profitability. Workday: Reduced Headcount Could Further Bolster My AI Thesis
• Neutral Sentiment: Workday was included among stocks attracting market attention on Wednesday, keeping WDAY on traders’ watchlists amid the restructuring and analyst commentary. 4 Stocks to Watch on Wednesday: CAG, MRNA, SPCX, and WDAY
• Negative Sentiment: Workday plans to eliminate approximately 500 positions, or 2.5% of its workforce, primarily within product and technology. This is the company’s second workforce reduction of 2026 and raises concerns about growth execution and employee confidence. Workday Plans to Cut 2.5% of Workforce
• Negative Sentiment: The reorganization is expected to generate approximately $65 million to $85 million in costs, while Workday revised its GAAP margin outlook. Those charges could weigh on reported earnings before the anticipated efficiency benefits materialize. Workday Cuts 2.5% of Workforce, Revises GAAP Margin Outlook

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. Western Wealth Management LLC bought a new stake in Workday during the 1st quarter valued at approximately $39,000. Reflection Asset Management purchased a new position in Workday in the 4th quarter worth approximately $66,000. Manning & Napier Advisors LLC bought a new position in Workday in the 2nd quarter worth approximately $42,000. Elevation Wealth Partners LLC boosted its stake in Workday by 1,097.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock worth $48,000 after purchasing an additional 362 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Workday by 26.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 591 shares of the software maker’s stock valued at $72,000 after buying an additional 123 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.