Workday Inc (WDAY) Insider Robynne Sisco Sells 6,281 Shares

Workday Inc (NASDAQ:WDAY) insider Robynne Sisco sold 6,281 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $127.25, for a total transaction of $799,257.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Workday stock opened at $137.25 on Thursday. Workday Inc has a 52 week low of $95.35 and a 52 week high of $157.12. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $31.68 billion, a P/E ratio of -108.07 and a beta of 2.01.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. The company had revenue of $671.70 million during the quarter, compared to analyst estimates of $663.38 million. During the same period last year, the firm posted $0.24 EPS. Workday’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts expect that Workday Inc will post -1.11 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of WDAY. Nisa Investment Advisors LLC raised its position in Workday by 55.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock worth $170,000 after buying an additional 500 shares during the last quarter. Cerebellum GP LLC purchased a new position in Workday during the 2nd quarter worth approximately $183,000. Mirador Capital Partners LP purchased a new position in Workday during the 2nd quarter worth approximately $200,000. Grassi Investment Management purchased a new position in Workday during the 3rd quarter worth approximately $215,000. Finally, CWM Advisors LLC purchased a new position in Workday during the 2nd quarter worth approximately $237,000. 67.50% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on WDAY. Monness Crespi & Hardt raised their price target on shares of Workday from $158.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. UBS Group raised their price target on shares of Workday to $169.00 and gave the company a “positive” rating in a report on Tuesday, September 4th. Canaccord Genuity raised their price target on shares of Workday from $145.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Stifel Nicolaus raised their price target on shares of Workday from $115.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Finally, Jefferies Financial Group raised their price target on shares of Workday to $141.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $147.14.

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.

Read More: Earnings Reports

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

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply