Workday, Inc. (NASDAQ:WDAY) Insider Sells $1,607,868.00 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Workday Trading Up 2.4 %

Shares of NASDAQ:WDAY opened at $259.61 on Thursday. The company has a market cap of $69.06 billion, a P/E ratio of 43.05, a PEG ratio of 3.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock’s fifty day moving average price is $258.98 and its 200-day moving average price is $255.49.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Crews Bank & Trust bought a new position in Workday in the fourth quarter valued at about $26,000. Roxbury Financial LLC bought a new position in Workday in the fourth quarter valued at about $25,000. Avion Wealth lifted its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. Capital Performance Advisors LLP bought a new position in Workday in the third quarter valued at about $26,000. Finally, TCTC Holdings LLC bought a new position in Workday in the fourth quarter valued at about $35,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup cut their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. BNP Paribas upgraded Workday to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Company Profile

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.