Insider Selling: Workday Inc (WDAY) Director Sells $50,017,243.77 in Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 482,001 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $103.77, for a total transaction of $50,017,243.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Workday Inc (WDAY) opened at $101.47 on Thursday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a 52 week low of $65.79 and a 52 week high of $116.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. equities analysts predict that Workday Inc will post -1.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of WDAY. First Personal Financial Services increased its stake in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after buying an additional 185 shares during the period. Global X Management Co. LLC increased its stake in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the period. IFP Advisors Inc increased its stake in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares during the period. Advisor Group Inc. increased its stake in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after buying an additional 236 shares during the period. Finally, FNY Managed Accounts LLC increased its stake in shares of Workday by 607.7% in the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after buying an additional 1,185 shares during the period. 67.58% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on WDAY. Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price objective on shares of Workday in a research report on Tuesday, August 22nd. BidaskClub cut shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $115.00 price objective on shares of Workday in a research report on Tuesday, August 22nd. Wedbush reaffirmed a “neutral” rating and set a $104.00 price objective (down previously from $106.00) on shares of Workday in a research report on Thursday, November 30th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $101.00 price objective on shares of Workday in a research report on Friday, December 1st. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $103.03.

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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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