Insider Selling: Workday Inc (WDAY) Director Sells $1,670,400.00 in Stock

Workday Inc (NYSE:WDAY) Director George J. Still, Jr. sold 20,000 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $83.52, for a total value of $1,670,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Workday Inc (NYSE:WDAY) opened at 85.50 on Tuesday. The stock’s market capitalization is $17.23 billion. The company has a 50-day moving average price of $85.07 and a 200 day moving average price of $82.83. Workday Inc has a 1-year low of $65.79 and a 1-year high of $93.35.

Workday (NYSE:WDAY) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. Workday had a negative return on equity of 29.55% and a negative net margin of 26.36%. The firm earned $436.70 million during the quarter, compared to analysts’ expectations of $430.19 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, equities analysts predict that Workday Inc will post $0.51 EPS for the current year.

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

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Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the company’s stock valued at $109,000 after buying an additional 155 shares during the last quarter. TLP Group LLC boosted its stake in shares of Workday by 107.0% in the third quarter. TLP Group LLC now owns 1,414 shares of the company’s stock valued at $130,000 after buying an additional 731 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Workday during the third quarter valued at approximately $138,000. Integrated Wealth Counsel LLC purchased a new stake in shares of Workday during the third quarter valued at approximately $138,000. Finally, Stanford Investment Group Inc. boosted its stake in shares of Workday by 2,101.0% in the fourth quarter. Stanford Investment Group Inc. now owns 2,201 shares of the company’s stock valued at $145,000 after buying an additional 2,101 shares during the last quarter.

A number of research firms have recently commented on WDAY. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $88.00 price objective (down previously from $100.00) on shares of Workday in a report on Tuesday, December 6th. BTIG Research decreased their target price on Workday from $97.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, December 2nd. OTR Global raised Workday to a “positive” rating in a research report on Friday, February 24th. William Blair reissued an “outperform” rating on shares of Workday in a research report on Sunday, December 4th. Finally, Brean Capital reissued a “sell” rating on shares of Workday in a research report on Saturday, January 14th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $87.56.

Workday Company Profile

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.

5 Day Chart for NYSE:WDAY

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