Workday Inc (WDAY) CEO Sells $49,662,000.00 in Stock
Workday Inc (NASDAQ:WDAY) CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $165.54, for a total value of $49,662,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Aneel Bhusri also recently made the following trade(s):
- On Monday, October 15th, Aneel Bhusri sold 7,366 shares of Workday stock. The shares were sold at an average price of $127.26, for a total value of $937,397.16.
NASDAQ:WDAY traded up $3.16 during trading on Thursday, reaching $168.18. The company’s stock had a trading volume of 186,251 shares, compared to its average volume of 2,634,594. The company has a market capitalization of $35.81 billion, a PE ratio of -132.39 and a beta of 2.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.89. Workday Inc has a 12 month low of $95.35 and a 12 month high of $172.67.
WDAY has been the subject of a number of analyst reports. BidaskClub raised Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Monness Crespi & Hardt reissued a “buy” rating and issued a $185.00 price target (up from $175.00) on shares of Workday in a research report on Friday, November 30th. Stifel Nicolaus increased their price target on Workday to $160.00 and gave the company a “hold” rating in a research report on Friday, November 30th. Oppenheimer increased their price target on Workday from $136.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Finally, Royal Bank of Canada increased their price target on Workday to $159.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $155.50.
Large investors have recently made changes to their positions in the business. Frontier Capital Management Co. LLC bought a new position in shares of Workday during the 3rd quarter worth $62,598,000. State Board of Administration of Florida Retirement System grew its stake in shares of Workday by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 190,443 shares of the software maker’s stock worth $27,801,000 after acquiring an additional 2,651 shares during the period. Fiera Capital Corp grew its stake in shares of Workday by 20.7% during the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock worth $485,000 after acquiring an additional 688 shares during the period. Swiss National Bank grew its stake in shares of Workday by 3.0% during the 3rd quarter. Swiss National Bank now owns 466,600 shares of the software maker’s stock worth $68,100,000 after acquiring an additional 13,400 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Workday by 5.7% during the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock worth $115,272,000 after acquiring an additional 51,341 shares during the period. Hedge funds and other institutional investors own 68.92% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://theolympiareport.com/2018/12/06/workday-inc-wday-ceo-sells-49662000-00-in-stock.html.
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.
Featured Story: What is the Rule of 72?
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.