Insider Selling: Workday (NASDAQ:WDAY) CFO Sells $1,123,380.00 in Stock

Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total value of $1,123,380.00. Following the completion of the sale, the chief financial officer owned 269,642 shares of the company’s stock, valued at $50,485,071.66. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Stock Down 0.6%

Shares of WDAY opened at $186.59 on Friday. The company has a market capitalization of $44.97 billion, a PE ratio of 37.85, a PEG ratio of 1.88 and a beta of 1.07. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $247.40. The stock’s 50-day moving average price is $189.91 and its two-hundred day moving average price is $151.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Workday, Inc. will post 5.33 EPS for the current year.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently modified their holdings of the company. Auto Owners Insurance Co increased its position in shares of Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after acquiring an additional 10,190,516 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Workday by 101.4% in the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after acquiring an additional 2,525,821 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Workday by 39.7% in the fourth quarter. Brown Advisory Inc. now owns 1,709,736 shares of the software maker’s stock valued at $367,217,000 after purchasing an additional 486,008 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Workday by 8.7% during the first quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker’s stock valued at $364,217,000 after purchasing an additional 223,493 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Workday by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 1,559,835 shares of the software maker’s stock worth $335,021,000 after purchasing an additional 144,833 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday broadened cash-cycle automation for finance customers and expanded access to credit-related capabilities, supporting the company’s effort to increase the value of its finance platform and deepen customer relationships. Workday broadens cash-cycle automation Workday extends credit access
• Positive Sentiment: Workday was named a Market Shaper in Gartner’s 2026 emerging-market quadrant for AI agents in human resources. The recognition may strengthen confidence in its AI strategy, which the company says is generating meaningful revenue. Workday Gartner AI agents recognition
• Neutral Sentiment: Some coverage argues WDAY is undervalued, with one report suggesting the stock remains substantially below estimated fair value. However, these valuation views have not offset concerns about execution and growth. Workday valuation analysis
• Negative Sentiment: Workday reportedly reduced its 2028 revenue-growth target as subscription momentum slows. Jefferies maintained a Hold rating and a $210 price target, citing the need for subscription growth to exceed 11% and noting that Workday’s projected Rule of 43 trails many large software peers. Workday cuts 2028 growth target
• Negative Sentiment: Reports highlight widening competition from SAP and Oracle, AI-related execution risks and the departure of three senior leaders. These issues raise questions about Workday’s ability to reaccelerate growth despite approximately $600 million in AI revenue. Workday AI and leadership challenges
• Negative Sentiment: Insiders, including CFO Zane Rowe, Gerrit Kazmaier, Robert Enslin and founder David Duffield, disclosed stock sales. Several were pre-arranged transactions for tax withholding, but Duffield’s roughly 99,228-share sale may still weigh on sentiment. A shareholder investigation announced by Kaskela Law adds another near-term overhang, although the notice does not establish wrongdoing. Workday shareholder investigation

Analyst Ratings Changes

WDAY has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of Workday in a report on Monday, October 5th. Barclays upped their price objective on shares of Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Stifel Nicolaus lifted their target price on shares of Workday from $115.00 to $160.00 and gave the stock a “hold” rating in a research note on Friday, August 28th. Citigroup restated a “neutral” rating on shares of Workday in a report on Tuesday. Finally, Dbs Bank raised shares of Workday to a “hold” rating in a research report on Wednesday, September 9th. Twenty research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Hold” and an average price target of $205.55.

About Workday

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.