Aneel Bhusri Sells 88,339 Shares of Workday Inc (NASDAQ:WDAY) Stock

Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 88,339 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $210.00, for a total value of $18,551,190.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, July 15th, Aneel Bhusri sold 7,584 shares of Workday stock. The shares were sold at an average price of $181.36, for a total value of $1,375,434.24.
  • On Monday, July 6th, Aneel Bhusri sold 88,339 shares of Workday stock. The shares were sold at an average price of $192.73, for a total value of $17,025,575.47.

WDAY stock traded down $3.44 during trading hours on Thursday, hitting $207.31. 1,841,577 shares of the stock were exchanged, compared to its average volume of 2,296,000. The firm has a market capitalization of $49.43 billion, a P/E ratio of -110.86 and a beta of 1.56. Workday Inc has a 12 month low of $107.75 and a 12 month high of $248.75. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $196.60 and a two-hundred day simple moving average of $170.97.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.18. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Workday had a negative return on equity of 10.56% and a negative net margin of 10.77%. Workday’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities research analysts predict that Workday Inc will post -0.73 earnings per share for the current year.

WDAY has been the subject of several research analyst reports. UBS Group boosted their price objective on Workday from $160.00 to $175.00 and gave the company a “sell” rating in a research report on Friday, August 28th. BidaskClub raised Workday from a “sell” rating to a “hold” rating in a research report on Thursday, August 20th. Wedbush reduced their price target on Workday from $206.00 to $196.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Mizuho upped their price target on Workday from $220.00 to $270.00 in a research report on Friday, August 28th. Finally, Barclays upped their price target on Workday from $162.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $231.90.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. CSat Investment Advisory L.P. boosted its stake in Workday by 11.1% in the first quarter. CSat Investment Advisory L.P. now owns 771 shares of the software maker’s stock valued at $100,000 after buying an additional 77 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Workday by 86.3% in the second quarter. Flagship Harbor Advisors LLC now owns 190 shares of the software maker’s stock valued at $35,000 after buying an additional 88 shares in the last quarter. Prudential Financial Inc. boosted its stake in Workday by 1.6% in the second quarter. Prudential Financial Inc. now owns 5,756 shares of the software maker’s stock valued at $1,078,000 after buying an additional 90 shares in the last quarter. Financial Architects Inc boosted its stake in Workday by 21.1% in the first quarter. Financial Architects Inc now owns 575 shares of the software maker’s stock valued at $75,000 after buying an additional 100 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Workday by 0.3% in the first quarter. Utah Retirement Systems now owns 31,166 shares of the software maker’s stock valued at $4,059,000 after buying an additional 100 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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