Workday Inc. (WDAY) Chairman David A. Duffield Sells 351,750 Shares
Workday Inc. (NYSE:WDAY) Chairman David A. Duffield sold 351,750 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $88.23, for a total transaction of $31,034,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
David A. Duffield also recently made the following trade(s):
- On Friday, July 15th, David A. Duffield sold 3,699 shares of Workday stock. The shares were sold at an average price of $79.07, for a total transaction of $292,479.93.
Workday Inc. (NYSE:WDAY) opened at 88.65 on Tuesday. The firm has a 50-day moving average of $84.44 and a 200 day moving average of $78.11. The company’s market capitalization is $17.73 billion. Workday Inc. has a 12-month low of $47.32 and a 12-month high of $90.73.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. The company earned $377.70 million during the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. Workday’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. Analysts expect that Workday Inc. will post ($0.04) EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Deutsche Bank AG upped their target price on shares of Workday from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. Cowen and Company reaffirmed a “market perform” rating and issued a $83.00 target price (up previously from $75.00) on shares of Workday in a research note on Friday, August 26th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $80.00 target price (up previously from $74.00) on shares of Workday in a research note on Friday, August 26th. Finally, Vetr downgraded shares of Workday from a “buy” rating to a “hold” rating and set a $87.71 target price for the company. in a research note on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.11.
Several institutional investors have recently modified their holdings of the company. Tybourne Capital Management HK Ltd. increased its position in shares of Workday by 139.6% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,955,095 shares of the company’s stock worth $227,069,000 after buying an additional 1,721,958 shares during the period. Vanguard Group Inc. increased its position in shares of Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock worth $617,509,000 after buying an additional 577,294 shares during the period. Norges Bank bought a new position in shares of Workday during the fourth quarter worth $45,517,000. Emerald Acquisition Ltd. bought a new position in shares of Workday during the second quarter worth $39,136,000. Finally, Southpoint Capital Advisors LP bought a new position in shares of Workday during the first quarter worth $38,420,000.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.
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