Insider Selling: Workday Inc (NASDAQ:WDAY) SVP Sells 1,327 Shares of Stock

Workday Inc (NASDAQ:WDAY) SVP James P. Shaughnessy sold 1,327 shares of Workday stock in a transaction on Monday, July 15th. The shares were sold at an average price of $219.01, for a total value of $290,626.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

James P. Shaughnessy also recently made the following trade(s):

  • On Wednesday, July 10th, James P. Shaughnessy sold 1,500 shares of Workday stock. The shares were sold at an average price of $219.32, for a total value of $328,980.00.
  • On Monday, June 10th, James P. Shaughnessy sold 1,500 shares of Workday stock. The shares were sold at an average price of $213.68, for a total value of $320,520.00.

Workday stock opened at $214.24 on Friday. The company has a market cap of $49.86 billion, a price-to-earnings ratio of -175.61 and a beta of 1.56. The business has a fifty day simple moving average of $211.46. Workday Inc has a 12 month low of $117.72 and a 12 month high of $226.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, May 28th. The software maker reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The business had revenue of $825.10 million during the quarter, compared to the consensus estimate of $814.21 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, research analysts expect that Workday Inc will post -1.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Norges Bank bought a new stake in shares of Workday in the fourth quarter worth $198,900,000. American Century Companies Inc. bought a new stake in shares of Workday in the fourth quarter worth $132,247,000. Jennison Associates LLC grew its holdings in shares of Workday by 6.8% in the first quarter. Jennison Associates LLC now owns 8,716,482 shares of the software maker’s stock worth $1,680,974,000 after acquiring an additional 552,280 shares during the period. Bessemer Group Inc. grew its holdings in shares of Workday by 31,200.8% in the second quarter. Bessemer Group Inc. now owns 520,532 shares of the software maker’s stock worth $107,011,000 after acquiring an additional 518,869 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Workday in the first quarter worth $59,187,000. 65.97% of the stock is owned by institutional investors.

WDAY has been the subject of a number of recent research reports. Exane BNP Paribas initiated coverage on Workday in a research note on Friday, March 29th. They set an “underperform” rating for the company. Bank of America initiated coverage on HUYA in a research note on Wednesday, May 29th. They set a “buy” rating and a $26.00 price objective for the company. Canaccord Genuity lowered their price objective on Trican Well Service from C$1.70 to C$1.55 in a research note on Wednesday, May 29th. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Finally, Morgan Stanley lifted their price objective on Workday from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $206.32.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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