Aneel Bhusri Sells 75,000 Shares of Workday Inc (WDAY) Stock

Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 75,000 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $128.68, for a total transaction of $9,651,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aneel Bhusri also recently made the following trade(s):

  • On Monday, April 16th, Aneel Bhusri sold 23,424 shares of Workday stock. The shares were sold at an average price of $127.13, for a total transaction of $2,977,893.12.

Shares of Workday traded down $4.94, reaching $123.37, during midday trading on Thursday, according to Marketbeat Ratings. 3,132,618 shares of the stock were exchanged, compared to its average volume of 1,698,996. The company has a market cap of $27.29 billion, a PE ratio of -97.14 and a beta of 1.81. Workday Inc has a 52-week low of $92.79 and a 52-week high of $140.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.77 and a quick ratio of 1.92.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 31st. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $619.00 million during the quarter, compared to the consensus estimate of $609.66 million. Workday had a negative net margin of 14.53% and a negative return on equity of 14.60%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. analysts anticipate that Workday Inc will post -1.19 EPS for the current year.

A number of equities analysts have recently issued reports on WDAY shares. BidaskClub upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Needham & Company LLC upgraded shares of Workday from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, February 12th. Deutsche Bank increased their price target on shares of Workday from $105.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, February 20th. Royal Bank of Canada increased their price target on shares of Workday to $135.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Cowen reiterated a “market perform” rating and issued a $117.00 price target (up previously from $107.00) on shares of Workday in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty have given a buy rating to the stock. Workday presently has an average rating of “Buy” and an average price target of $127.87.

Hedge funds and other institutional investors have recently modified their holdings of the company. Twin Tree Management LP grew its holdings in shares of Workday by 112.5% during the first quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock worth $122,000 after buying an additional 8,609 shares in the last quarter. Northstar Capital Management LLC purchased a new stake in shares of Workday during the first quarter worth about $133,000. Bailard Inc. purchased a new stake in shares of Workday during the first quarter worth about $206,000. Commerce Bank purchased a new stake in shares of Workday during the first quarter worth about $209,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Workday during the first quarter worth about $218,000. Institutional investors and hedge funds own 69.70% of the company’s stock.

Workday Company Profile

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.

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

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