Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 2,483 shares of the firm’s stock in a transaction on Friday, May 28th. The shares were sold at an average price of $230.72, for a total transaction of $572,877.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Richard Harry Sauer also recently made the following trade(s):
- On Thursday, April 15th, Richard Harry Sauer sold 5,778 shares of Workday stock. The shares were sold at an average price of $257.83, for a total transaction of $1,489,741.74.
Shares of WDAY stock opened at $226.83 on Thursday. The stock has a market capitalization of $55.12 billion, a PE ratio of -189.02 and a beta of 1.28. The firm has a fifty day moving average price of $243.85. Workday, Inc. has a fifty-two week low of $169.70 and a fifty-two week high of $282.77. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, May 25th. The software maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. Workday had a negative return on equity of 4.27% and a negative net margin of 6.54%. Analysts forecast that Workday, Inc. will post -0.73 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of WDAY. Kingsview Wealth Management LLC boosted its position in Workday by 12.1% during the 1st quarter. Kingsview Wealth Management LLC now owns 2,638 shares of the software maker’s stock worth $673,000 after acquiring an additional 284 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Workday by 12.7% during the first quarter. Principal Financial Group Inc. now owns 15,325 shares of the software maker’s stock worth $3,807,000 after purchasing an additional 1,725 shares during the period. Stonnington Group LLC bought a new position in Workday during the first quarter valued at approximately $782,000. Optiver Holding B.V. bought a new position in Workday during the first quarter valued at approximately $842,000. Finally, B. Metzler seel. Sohn & Co. Holding AG raised its position in shares of Workday by 219.7% in the first quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 43,859 shares of the software maker’s stock valued at $10,896,000 after purchasing an additional 30,139 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.
WDAY has been the topic of several research reports. UBS Group dropped their price objective on shares of Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, February 26th. OTR Global raised shares of Workday to a “positive” rating in a report on Thursday, February 18th. Barclays upped their target price on shares of Workday from $255.00 to $278.00 and gave the company an “equal weight” rating in a report on Friday, February 19th. Evercore ISI upped their target price on shares of Workday from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, February 19th. Finally, Canaccord Genuity upped their price target on shares of Workday from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $273.65.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human resources. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
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