Peregrine Capital Management LLC Sells 24,352 Shares of Workday, Inc. $WDAY

Peregrine Capital Management LLC lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 12.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,583 shares of the software maker’s stock after selling 24,352 shares during the quarter. Workday comprises 1.3% of Peregrine Capital Management LLC’s portfolio, making the stock its 16th largest holding. Peregrine Capital Management LLC’s holdings in Workday were worth $41,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Vanguard Group Inc. boosted its holdings in shares of Workday by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after buying an additional 515,529 shares during the period. State Street Corp lifted its position in Workday by 3.3% during the 2nd quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock worth $2,304,124,000 after acquiring an additional 303,713 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after acquiring an additional 140,042 shares during the period. Invesco Ltd. grew its position in shares of Workday by 10.4% in the second quarter. Invesco Ltd. now owns 2,187,137 shares of the software maker’s stock valued at $524,913,000 after purchasing an additional 205,403 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Workday by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 2,109,998 shares of the software maker’s stock worth $506,399,000 after purchasing an additional 30,750 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, insider Robert Enslin sold 22,185 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the transaction, the insider directly owned 106,330 shares in the company, valued at $22,347,376.10. This represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gerrit S. Kazmaier sold 3,759 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider directly owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 286,484 shares of company stock worth $61,281,771. Insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Citigroup dropped their target price on shares of Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. cut their target price on shares of Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Wells Fargo & Company decreased their price target on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Raymond James Financial began coverage on shares of Workday in a report on Friday, November 21st. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $281.59.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday highlighted new customer wins and AI innovations aimed at retail and hospitality frontline workers, reinforcing demand in a high‑volume vertical and potential for subscription expansion. Workday Retail & Hospitality Momentum
• Positive Sentiment: Workday added the Paradox conversational ATS to its ecosystem, which uses AI to speed frontline hiring — a capability that can increase add‑on sales and stickiness for large employers. Paradox ATS Partnership
• Neutral Sentiment: Workday’s recent quarterly results showed revenue growth (~12.6% YoY) and an EPS beat; analysts remain mostly constructive (consensus “Moderate Buy”, avg PT ≈ $281.6), supporting mid/long‑term bullish views but valuation (high P/E) leaves limited margin for disappointment. MarketBeat Summary
• Negative Sentiment: CEO Carl Eschenbach sold 3,125 shares at about $210 — disclosed in Form 4 — which can be perceived as insiders taking profits and contributes to near‑term downward pressure. CEO Form 4
• Negative Sentiment: CFO Zane Rowe sold 6,000 shares (~$1.25M at ~$208.75), a modest cut in his stake that adds to the cluster of senior exec sales this week. CFO Form 4
• Negative Sentiment: Former executive/insider Robert Enslin sold 22,185 shares (~$4.66M), the largest single sale reported, which may weigh on sentiment given its size. Enslin Form 4
• Negative Sentiment: Gerrit S. Kazmaier sold ~3,759 shares (~$785k), and Richard H. Sauer sold 1,130 shares (~$237k), adding to the pattern of insider trimming this week. Kazmaier Form 4 Sauer Sale

Workday Trading Down 0.6%

Shares of WDAY stock opened at $209.79 on Friday. The firm has a fifty day moving average of $220.50 and a 200-day moving average of $228.67. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 88.15, a P/E/G ratio of 2.38 and a beta of 1.14. Workday, Inc. has a 52-week low of $202.22 and a 52-week high of $283.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business earned $1.89 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.