Workday Inc (WDAY) Insider Sells $619,391.64 in Stock

Workday Inc (NASDAQ:WDAY) insider Petros Dermetzis sold 3,743 shares of Workday stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $165.48, for a total value of $619,391.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Petros Dermetzis also recently made the following trade(s):

  • On Monday, September 17th, Petros Dermetzis sold 6,699 shares of Workday stock. The shares were sold at an average price of $147.07, for a total value of $985,221.93.

WDAY stock traded up $3.11 on Thursday, hitting $168.13. 4,323,087 shares of the company’s stock were exchanged, compared to its average volume of 2,634,594. Workday Inc has a 12-month low of $95.35 and a 12-month high of $172.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.89. The company has a market cap of $35.81 billion, a price-to-earnings ratio of -132.39 and a beta of 2.06.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, November 29th. The software maker reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.76. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The firm had revenue of $743.20 million for the quarter, compared to the consensus estimate of $723.38 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. As a group, equities research analysts anticipate that Workday Inc will post -1.11 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC acquired a new stake in Workday during the 3rd quarter worth about $62,598,000. State Board of Administration of Florida Retirement System lifted its position in Workday by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 190,443 shares of the software maker’s stock worth $27,801,000 after acquiring an additional 2,651 shares during the period. Fiera Capital Corp lifted its position in Workday by 20.7% during the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock worth $485,000 after acquiring an additional 688 shares during the period. Swiss National Bank lifted its position in Workday by 3.0% during the 3rd quarter. Swiss National Bank now owns 466,600 shares of the software maker’s stock worth $68,100,000 after acquiring an additional 13,400 shares during the period. Finally, Northern Trust Corp lifted its position in Workday by 5.7% during the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock worth $115,272,000 after acquiring an additional 51,341 shares during the period. Hedge funds and other institutional investors own 68.92% of the company’s stock.

A number of research analysts have recently issued reports on WDAY shares. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Royal Bank of Canada lifted their price target on Workday to $159.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. UBS Group lifted their price target on Workday to $169.00 and gave the company a “positive” rating in a report on Tuesday, September 4th. Monness Crespi & Hardt lifted their price target on Workday from $158.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Finally, Stifel Nicolaus lifted their price target on Workday to $160.00 and gave the company a “hold” rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $155.50.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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

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