Workday (NASDAQ:WDAY) Insider Sells $511,087.12 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 2,729 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $187.28, for a total transaction of $511,087.12. Following the completion of the transaction, the insider owned 251,314 shares of the company’s stock, valued at $47,066,085.92. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Trading Down 0.6%

NASDAQ WDAY opened at $186.59 on Friday. The stock’s 50-day simple moving average is $189.91 and its two-hundred day simple moving average is $151.53. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $247.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $44.97 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.88 and a beta of 1.07.

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. Research analysts forecast that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WDAY shares. Oppenheimer increased their price target on shares of Workday from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. The Goldman Sachs Group upped their price objective on shares of Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Piper Sandler increased their target price on shares of Workday from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, August 28th. KeyCorp lifted their target price on shares of Workday from $158.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Finally, CLSA began coverage on shares of Workday in a research note on Monday, July 20th. They issued an “underperform” rating and a $92.00 price target for the company. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Workday presently has an average rating of “Hold” and a consensus price target of $205.55.

Institutional Trading of Workday

A number of institutional investors have recently made changes to their positions in WDAY. CoreCap Advisors LLC grew its holdings in shares of Workday by 55.9% in the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Western Wealth Management LLC bought a new stake in Workday during the 1st quarter valued at $39,000. Manning & Napier Advisors LLC bought a new stake in Workday during the 2nd quarter valued at $42,000. Elevation Wealth Partners LLC boosted its position in Workday by 1,097.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock valued at $48,000 after buying an additional 362 shares during the period. Finally, Reflection Asset Management purchased a new stake in Workday during the 4th quarter valued at $66,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday broadened cash-cycle automation for finance customers and expanded access to credit-related capabilities, supporting the company’s effort to increase the value of its finance platform and deepen customer relationships. Workday broadens cash-cycle automation Workday extends credit access
• Positive Sentiment: Workday was named a Market Shaper in Gartner’s 2026 emerging-market quadrant for AI agents in human resources. The recognition may strengthen confidence in its AI strategy, which the company says is generating meaningful revenue. Workday Gartner AI agents recognition
• Neutral Sentiment: Some coverage argues WDAY is undervalued, with one report suggesting the stock remains substantially below estimated fair value. However, these valuation views have not offset concerns about execution and growth. Workday valuation analysis
• Negative Sentiment: Workday reportedly reduced its 2028 revenue-growth target as subscription momentum slows. Jefferies maintained a Hold rating and a $210 price target, citing the need for subscription growth to exceed 11% and noting that Workday’s projected Rule of 43 trails many large software peers. Workday cuts 2028 growth target
• Negative Sentiment: Reports highlight widening competition from SAP and Oracle, AI-related execution risks and the departure of three senior leaders. These issues raise questions about Workday’s ability to reaccelerate growth despite approximately $600 million in AI revenue. Workday AI and leadership challenges
• Negative Sentiment: Insiders, including CFO Zane Rowe, Gerrit Kazmaier, Robert Enslin and founder David Duffield, disclosed stock sales. Several were pre-arranged transactions for tax withholding, but Duffield’s roughly 99,228-share sale may still weigh on sentiment. A shareholder investigation announced by Kaskela Law adds another near-term overhang, although the notice does not establish wrongdoing. Workday shareholder investigation

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.