Insider Selling: Workday, Inc. (NASDAQ:WDAY) Director Sells 7,500 Shares of Stock

Workday, Inc. (NASDAQ:WDAY - Get Free Report) Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the transaction, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This represents a 9.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Workday Stock Performance

Workday stock traded down $0.98 during midday trading on Friday, hitting $249.49. The stock had a trading volume of 2,831,817 shares, compared to its average volume of 2,423,081. The company has a market capitalization of $66.36 billion, a PE ratio of 41.37, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The firm's fifty day moving average is $256.76 and its two-hundred day moving average is $255.24. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

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Institutional Investors Weigh In On Workday

Institutional investors have recently added to or reduced their stakes in the stock. Roxbury Financial LLC purchased a new position in Workday during the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new position in shares of Workday during the fourth quarter valued at about $26,000. Avion Wealth increased its holdings in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after purchasing an additional 43 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Workday in the fourth quarter worth about $35,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WDAY shares. KeyCorp lifted their price target on shares of Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley lowered shares of Workday from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Loop Capital boosted their price target on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research report on Wednesday, February 19th. BNP Paribas upgraded Workday to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and boosted their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $300.36.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.