Insider Selling: Workday (NASDAQ:WDAY) Insider Sells 5,373 Shares of Stock

07 Apr 2026, 20:16 by Teresa Graham · The Cerbat Gem

Workday, Inc. (NASDAQ:WDAY – Get Free Report) insider Robert Enslin sold 5,373 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the sale, the insider owned 165,414 shares of the company’s stock, valued at $21,406,225.74. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Stock Performance

Shares of Workday stock traded down $2.21 on Tuesday, reaching $127.51. The stock had a trading volume of 2,572,215 shares, compared to its average volume of 5,018,963. The business’s 50-day moving average price is $143.62 and its two-hundred day moving average price is $194.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The stock has a market cap of $32.77 billion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14.

Workday (NASDAQ:WDAY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.92 earnings per share. On average, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research analyst reports. Barclays lowered their price target on Workday from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group cut shares of Workday from a “buy” rating to a “hold” rating and reduced their target price for the company from $325.00 to $150.00 in a research note on Monday, February 23rd. The Goldman Sachs Group reduced their target price on shares of Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings cut shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Finally, Guggenheim reduced their target price on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

Get Our Latest Research Report on Workday

More Workday News

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday was named a Leader in the 2026 Gartner Magic Quadrant for Higher Education Student Information Systems — a product endorsement that supports long‑term adoption at colleges and universities and underpins recurring revenue growth. Workday Named a Leader in 2026 Gartner® Magic Quadrant™ for Higher Education Student Information Systems
Positive Sentiment: UST acquired Intecrowd, an award‑winning Workday partner that specializes in deployments and lifecycle support — consolidation among partners can expand implementation capacity and channel reach for Workday. UST Acquires Award‑Winning Workday Partner Intecrowd
Neutral Sentiment: Market recaps note WDAY’s recent price pullback (mid‑$120s) versus broader market gains; these stories summarize price action but add little new company‑specific information. Workday (WDAY) Stock Sinks As Market Gains: Here’s Why
Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (~$13.9M) under a pre‑arranged Rule 10b5‑1 plan, lowering his holding by ~50% — the size of the sale is notable and can pressure sentiment despite being pre‑planned. SEC filing: Duffield Form 4
Negative Sentiment: Several insiders (CFO Zane Rowe, Robert Enslin, Gerrit Kazmaier) sold modest blocks of shares — reported as 10b5‑1 trades or sales to cover tax withholding on vested awards. These are typically less alarming but add to near‑term selling supply. Rowe Form 4 Enslin Form 4 Kazmaier Form 4
Negative Sentiment: Media commentary (e.g., Jim Cramer) flagged Workday as a relative laggard in the Nasdaq 100 and advised caution — negative headlines from high‑profile commentators can amplify selling pressure even if they are opinion‑based. Jim Cramer on Workday

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC bought a new position in Workday during the third quarter worth about $556,252,000. PKO Investment Management Joint Stock Co bought a new position in Workday during the third quarter worth about $1,805,000. Phoenix Financial Ltd. bought a new position in Workday during the third quarter worth about $2,000,000. Rakuten Investment Management Inc. bought a new position in Workday during the third quarter worth about $124,718,000. Finally, EULAV Asset Management lifted its stake in Workday by 69.4% during the third quarter. EULAV Asset Management now owns 61,000 shares of the software maker’s stock worth $14,685,000 after purchasing an additional 25,000 shares during the period. Institutional investors own 89.81% of the company’s stock.

About Workday

(Get Free Report)

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.