Workday Inc (WDAY) Insider Sells $2,704,448.48 in Stock

Workday Inc (NYSE:WDAY) insider Mark S. Peek sold 32,443 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $83.36, for a total value of $2,704,448.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Workday Inc (NYSE:WDAY) opened at 85.71 on Friday. The company’s market capitalization is $17.40 billion. The firm’s 50-day moving average is $83.28 and its 200 day moving average is $81.91. Workday Inc has a 12 month low of $65.79 and a 12 month high of $93.35.

Workday (NYSE:WDAY) last posted its earnings results on Monday, February 27th. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm earned $436.70 million during the quarter, compared to the consensus estimate of $430.19 million. Workday had a negative net margin of 26.36% and a negative return on equity of 29.55%. The company’s revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Equities research 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 research firms have recently commented on WDAY. Wedbush reaffirmed a “neutral” rating and set a $86.00 target price (up from $77.00) on shares of Workday in a report on Thursday, February 16th. William Blair reaffirmed an “outperform” rating on shares of Workday in a report on Wednesday, March 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $90.00 target price on shares of Workday in a report on Saturday, January 14th. Drexel Hamilton reaffirmed a “buy” rating and set a $104.00 target price on shares of Workday in a report on Friday, January 13th. Finally, Stifel Nicolaus upped their target price on Workday from $68.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, February 28th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.44.

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Workday during the first quarter valued at approximately $124,000. Gemmer Asset Management LLC boosted its position in shares of Workday by 9.6% in the first quarter. Gemmer Asset Management LLC now owns 8,764 shares of the software maker’s stock valued at $730,000 after buying an additional 764 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock valued at $6,670,000 after buying an additional 1,012 shares in the last quarter. Regent Investment Management LLC purchased a new position in shares of Workday during the first quarter valued at approximately $1,672,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Workday during the first quarter valued at approximately $400,000.

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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

5 Day Chart for NYSE:WDAY

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