Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 99,835 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 99,835 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $187.55, for a total transaction of $18,724,054.25. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $19,701,939.95. This represents a 48.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Workday Price Performance

Workday stock traded down $2.23 during mid-day trading on Tuesday, hitting $186.02. 2,168,846 shares of the company traded hands, compared to its average volume of 4,702,207. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Workday, Inc. has a one year low of $110.36 and a one year high of $247.40. The stock has a market cap of $44.83 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. The stock has a fifty day moving average price of $190.37 and a 200-day moving average price of $152.04.

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

Analyst Ratings Changes

A number of research analysts recently commented on WDAY shares. Robert W. Baird increased their target price on Workday from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Sanford C. Bernstein raised their price target on Workday from $216.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of Workday in a research note on Monday, October 5th. Bank of America lifted their price target on Workday from $140.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, BTIG Research cut Workday from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $205.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. NorthCrest Asset Manangement LLC purchased a new stake in Workday during the 3rd quarter valued at about $304,000. GK Wealth Management LLC purchased a new position in Workday in the 3rd quarter worth approximately $72,000. Wedmont Private Capital increased its stake in Workday by 11.4% in the 3rd quarter. Wedmont Private Capital now owns 3,064 shares of the software maker’s stock worth $575,000 after purchasing an additional 313 shares during the period. GAMMA Investing LLC lifted its position in Workday by 41.0% in the third quarter. GAMMA Investing LLC now owns 6,144 shares of the software maker’s stock valued at $1,170,000 after purchasing an additional 1,788 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Workday by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 7,757 shares of the software maker’s stock valued at $1,477,000 after purchasing an additional 943 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Anthropic partnership expands AI capabilities: Workday will connect its Sana agents with Anthropic’s Claude, allowing users to retrieve Workday information, take actions and approve transactions through Claude. Workday says its permissions, business rules and data controls will remain in place, addressing enterprise concerns about security and governance. Workday and Anthropic partnership
• Positive Sentiment: Sana becomes the new Workday user experience: The company introduced a centralized agentic interface designed to complete multi-step HR, finance and IT tasks rather than merely answer questions. Workday is also bringing Sana to Claude, Gemini Enterprise, Microsoft Copilot, Slack and Teams, potentially increasing usage and customer reach. Sana becomes Workday Home
• Positive Sentiment: Broader agent platform and decision tools: Workday made its headless Trusted Agent Platform, Agent Harness, Data Cloud and developer tools generally available. Decision Intelligence will let customers model workforce and financial scenarios using governed, live data, while Work Intelligence helps companies determine which job tasks AI should automate or augment. These products could support upselling and deepen customer reliance on Workday. Workday Decision Intelligence
• Positive Sentiment: Identity acquisition adds a security layer: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents across enterprise systems. The transaction could improve Workday’s ability to provide secure, auditable AI agents and broaden its role in enterprise infrastructure. Workday C1.ai acquisition
• Neutral Sentiment: Workday is also collaborating with Accenture on a forward-deployed engineering program to help customers redesign work for the agentic-AI era, which may accelerate adoption but will require successful implementation at scale. Accenture and Workday program
• Negative Sentiment: The C1.ai acquisition and substantial investment in new AI infrastructure introduce integration, spending and execution risks. Investors may also question how quickly these announcements translate into recurring revenue and margin growth.

Workday Company Profile

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.