Workday, Inc. (NASDAQ:WDAY – Get Rating) insider Douglas A. Robinson sold 331 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $142.50, for a total value of $47,167.50. Following the completion of the transaction, the insider now owns 137,021 shares of the company’s stock, valued at $19,525,492.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ WDAY traded down $5.95 on Thursday, hitting $136.86. 2,672,433 shares of the company’s stock were exchanged, compared to its average volume of 2,714,385. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50-day moving average price is $185.47 and its two-hundred day moving average price is $226.36. Workday, Inc. has a fifty-two week low of $136.27 and a fifty-two week high of $307.81. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of -1,140.50 and a beta of 1.41.
Workday (NASDAQ:WDAY – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The software maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Workday had a positive return on equity of 1.34% and a negative net margin of 0.49%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. On average, research analysts predict that Workday, Inc. will post -0.47 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Workday by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,152,961 shares of the software maker’s stock valued at $2,910,149,000 after buying an additional 139,939 shares during the last quarter. Lone Pine Capital LLC grew its holdings in Workday by 16.9% during the 4th quarter. Lone Pine Capital LLC now owns 5,814,667 shares of the software maker’s stock valued at $1,588,451,000 after buying an additional 840,799 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Workday by 12.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,911,968 shares of the software maker’s stock valued at $977,574,000 after buying an additional 448,283 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Workday by 6.2% during the 1st quarter. Clearbridge Investments LLC now owns 3,427,755 shares of the software maker’s stock valued at $820,810,000 after buying an additional 201,605 shares during the last quarter. Finally, Sustainable Growth Advisers LP grew its holdings in Workday by 6.2% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,970,385 shares of the software maker’s stock valued at $711,288,000 after buying an additional 172,194 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.
Several research analysts have recently issued reports on WDAY shares. Piper Sandler reduced their price objective on Workday from $360.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, May 27th. Barclays dropped their target price on Workday from $238.00 to $208.00 and set an “overweight” rating on the stock in a report on Friday, May 27th. Canaccord Genuity Group dropped their target price on Workday from $325.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Loop Capital dropped their target price on Workday from $340.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, March 1st. Finally, Needham & Company LLC dropped their price objective on Workday from $300.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $255.58.
Workday Company Profile (Get Rating)
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.