Workday, Inc. (NASDAQ:WDAY) Insider Sayan Chakraborty Sells 6,056 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction 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 transaction, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Workday Price Performance

Shares of WDAY opened at $254.57 on Tuesday. The business’s 50-day moving average is $259.48 and its 200-day moving average is $255.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $67.72 billion, a price-to-earnings ratio of 42.22, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WDAY shares. BMO Capital Markets upped their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Citigroup lowered their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Institutional Trading of Workday

Hedge funds and other institutional investors have recently modified their holdings of the company. Crews Bank & Trust acquired a new position in Workday in the 4th quarter worth about $26,000. Roxbury Financial LLC bought a new stake in shares of Workday in the 4th quarter valued at approximately $25,000. Avion Wealth increased its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Workday during the third quarter valued at approximately $26,000. Finally, TCTC Holdings LLC bought a new position in Workday during the fourth quarter valued at approximately $35,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

About Workday

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.