Insider Selling: Workday, Inc. (WDAY) SVP Sells 1,873 Shares of Stock
Workday, Inc. (NYSE:WDAY) SVP James P. Shaughnessy sold 1,873 shares of Workday stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $94.42, for a total value of $176,848.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
James P. Shaughnessy also recently made the following trade(s):
- On Monday, April 17th, James P. Shaughnessy sold 10,867 shares of Workday stock. The stock was sold at an average price of $83.50, for a total value of $907,394.50.
Shares of Workday, Inc. (WDAY) traded up 0.12% during trading on Friday, hitting $98.39. 1,508,102 shares of the stock traded hands. The firm’s market capitalization is $20.37 billion. The firm has a 50-day moving average of $96.28 and a 200-day moving average of $84.55. Workday, Inc. has a 1-year low of $65.79 and a 1-year high of $104.53.
Workday (NYSE:WDAY) last announced its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The business had revenue of $479.90 million during the quarter, compared to the consensus estimate of $468.07 million. During the same quarter last year, the firm earned $0.05 earnings per share. Workday’s quarterly revenue was up 38.0% on a year-over-year basis. On average, equities analysts forecast that Workday, Inc. will post $0.65 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. increased its position in shares of Workday by 0.8% in the first quarter. Wedbush Securities Inc. now owns 5,573 shares of the software maker’s stock worth $464,000 after buying an additional 44 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Workday by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,667 shares of the software maker’s stock worth $888,000 after buying an additional 85 shares in the last quarter. Utah Retirement Systems increased its position in shares of Workday by 0.5% in the first quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock worth $1,782,000 after buying an additional 100 shares in the last quarter. RDL Financial Inc. increased its position in shares of Workday by 1.3% in the first quarter. RDL Financial Inc. now owns 10,130 shares of the software maker’s stock worth $844,000 after buying an additional 130 shares in the last quarter. Finally, Arrowpoint Asset Management LLC increased its position in shares of Workday by 0.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 19,150 shares of the software maker’s stock worth $1,266,000 after buying an additional 150 shares in the last quarter.
A number of equities research analysts recently weighed in on the company. Benchmark Co. assumed coverage on Workday in a research report on Thursday, April 27th. They set a “hold” rating on the stock. Deutsche Bank AG restated a “hold” rating and set a $95.00 price target (up previously from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group restated a “neutral” rating and set a $94.00 price target (up previously from $91.00) on shares of Workday in a research note on Saturday, June 3rd. OTR Global upgraded shares of Workday to a “positive” rating in a research note on Friday, February 24th. Finally, Cowen and Company raised their price target on shares of Workday from $73.00 to $83.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 28th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and thirteen have issued a buy rating to the stock. Workday currently has an average rating of “Hold” and a consensus target price of $91.03.
Workday Company Profile
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.
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