Workday (NASDAQ:WDAY) Stock: Insider David Duffield Sells 99,835 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 99,835 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $187.55, for a total transaction of $18,724,054.25. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $19,701,939.95. This represents a 48.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

Shares of WDAY stock opened at $188.77 on Thursday. The stock’s 50-day moving average is $191.03 and its two-hundred day moving average is $152.89. The firm has a market cap of $45.49 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.87 and a beta of 1.07. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $247.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. Analysts predict that Workday, Inc. will post 5.33 earnings per share for the current year.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Auto Owners Insurance Co boosted its holdings in Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after buying an additional 10,190,516 shares in the last quarter. Janus Henderson Group PLC grew its position in Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after buying an additional 2,525,821 shares during the period. Contour Asset Management LLC acquired a new position in Workday during the fourth quarter worth about $184,083,000. Pacer Advisors Inc. increased its holdings in Workday by 840.9% in the fourth quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock valued at $164,317,000 after buying an additional 683,741 shares in the last quarter. Finally, Lead Edge Capital Management LLC purchased a new position in Workday in the first quarter valued at about $79,988,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a partnership with Anthropic that will connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data and business rules. Customers will be able to find information, take actions and approve work through Claude or Sana, strengthening Workday’s enterprise AI positioning. Anthropic partnership
• Positive Sentiment: At its investor event, Workday introduced expanded Sana capabilities, Decision Intelligence, Work Intelligence and a headless Trusted Agent Platform. These offerings could increase customer adoption, improve retention and create new monetization opportunities across human resources, finance and IT. Workday AI product announcements
• Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents. The transaction could broaden Workday’s security and governance capabilities, though financial terms and the earnings impact were not disclosed. C1.ai acquisition
• Positive Sentiment: A new Candidate Profile lets job seekers save application information for reuse across Workday-powered applications, potentially improving the recruiting experience and supporting customer engagement. Candidate Profile announcement
• Neutral Sentiment: UBS lowered its Workday price target from $220 to $210 and maintained a Neutral rating. The target still implies potential upside, but the revision signals limited near-term conviction. UBS price target update
• Negative Sentiment: Investors remain concerned about decelerating sales growth despite management’s forecast for continued double-digit revenue growth, raising questions about how quickly the AI strategy will translate into material financial results. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold 99,835 shares worth approximately $18.7 million, while Chief Accounting Officer Mark Garfield sold 918 shares. Both transactions used pre-arranged Rule 10b5-1 plans, reducing their signaling value, but the sales may still weigh on sentiment. Insider sale filings

Analyst Upgrades and Downgrades

WDAY has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Guggenheim reissued a “buy” rating and issued a $275.00 price objective on shares of Workday in a report on Friday, August 21st. Freedom Broker lowered shares of Workday from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $200.00 in a research report on Friday, August 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a report on Wednesday. Finally, BTIG Research cut shares of Workday from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $205.55.

About Workday

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.