Aneel Bhusri Sells 300,000 Shares of Workday Inc (NASDAQ:WDAY) Stock

Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 300,000 shares of Workday stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.29, for a total value of $48,387,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, October 15th, Aneel Bhusri sold 6,355 shares of Workday stock. The stock was sold at an average price of $184.02, for a total value of $1,169,447.10.

Shares of NASDAQ WDAY traded down $0.28 during trading on Tuesday, reaching $163.36. The stock had a trading volume of 1,017,095 shares, compared to its average volume of 2,143,060. Workday Inc has a one year low of $141.70 and a one year high of $226.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $37.19 billion, a PE ratio of -133.90 and a beta of 1.54. The firm’s 50 day moving average price is $165.94 and its two-hundred day moving average price is $187.27.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, December 3rd. The software maker reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.16. Workday had a negative return on equity of 11.63% and a negative net margin of 13.29%. The business had revenue of $938.10 million during the quarter, compared to the consensus estimate of $920.65 million. During the same period in the previous year, the business earned $0.31 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. On average, research analysts expect that Workday Inc will post -1.17 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in WDAY. Vanguard Group Inc. boosted its position in Workday by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock valued at $1,975,530,000 after purchasing an additional 683,181 shares during the period. Nuveen Asset Management LLC boosted its position in Workday by 19,929.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock valued at $112,658,000 after purchasing an additional 545,263 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Workday by 55.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 889,005 shares of the software maker’s stock valued at $151,095,000 after purchasing an additional 315,764 shares during the period. Nikko Asset Management Americas Inc. acquired a new position in Workday during the 3rd quarter valued at approximately $44,215,000. Finally, Whale Rock Capital Management LLC boosted its position in Workday by 52.6% during the 2nd quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock valued at $117,790,000 after purchasing an additional 197,394 shares during the period. Institutional investors and hedge funds own 67.09% of the company’s stock.

Several research firms have issued reports on WDAY. Canaccord Genuity dropped their price objective on Workday from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Mizuho set a $225.00 price objective on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Monness Crespi & Hardt set a $262.00 price objective on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Deutsche Bank dropped their price objective on Workday from $200.00 to $185.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Finally, ValuEngine upgraded Workday from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $208.06.

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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