Workday Inc (NASDAQ: WDAY) is 0.13% higher on its value in year-to-date trading and has touched a low of $174.25 and a high of $311.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WDAY stock was last observed hovering at around $273.24 in the last trading session, with the day’s gains setting it 3.17%.
Currently trading at $276.41, the stock is -1.72% and -3.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 1.16% at the moment leaves the stock 11.92% off its SMA200. WDAY registered 44.99% gain for a year compared to 6-month gain of 13.70%. The firm has a 50-day simple moving average (SMA 50) of $9.44 and a 200-day simple moving average (SMA200) of $91.10.
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The stock witnessed a -8.47% loss in the last 1 month and extending the period to 3 months gives it a 1.34%, and is 2.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.82% over the week and 2.19% over the month.
Workday Inc (WDAY) has around 18800 employees, a market worth around $72.97B and $7.20B in sales. Current P/E ratio is 53.74 and Fwd P/E is 35.03. Profit margin for the company is 19.18%. Distance from 52-week low is 58.63% and -11.20% from its 52-week high. The company has generated returns on investments over the last 12 months (12.23%).
Workday Inc quarterly earnings per share for the current quarter are estimated at $1.58 with sales reaching $1.97B over the same period.The EPS is expected to grow by 14.95% this year, but quarterly earnings will post 15.80% year-over-year.
1,458 institutions hold shares in Workday Inc (WDAY), with institutional investors hold 93.13% of the company’s shares. The shares outstanding are 210.67M, and float is at 208.05M with Short Float at 1.48%. Institutions hold 91.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.75 million shares valued at $3.11 billion. The investor’s holdings represent 8.76% of the WDAY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.31 million shares valued at $2.78 billion to account for 7.84% of the shares outstanding. The other top investors are Janus Henderson Group PLC which holds 8.16 million shares representing 5.20% and valued at over $1.84 billion, while Baillie Gifford and Company holds 4.57% of the shares totaling 7.18 million with a market value of $1.62 billion.
Workday Inc (WDAY) Insider Activity
The most recent transaction is an insider sale by DUFFIELD DAVID A, the company’s 10% Owner. SEC filings show that DUFFIELD DAVID A sold 57,000 shares of the company’s common stock on Mar 18 ’24 at a price of $272.02 per share for a total of $15.5 million. Following the sale, the insider now owns 1.07 million shares.
Workday Inc disclosed in a document filed with the SEC on Mar 15 ’24 that DUFFIELD DAVID A (10% Owner) sold a total of 64,329 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $268.85 per share for $17.29 million. Following the transaction, the insider now directly holds 0.1 million shares of the WDAY stock.
Still, SEC filings show that on Mar 12 ’24, STILL GEORGE J JR (Director) disposed off 5,000 shares at an average price of $270.52 for $1.35 million. The insider now directly holds 105,000 shares of Workday Inc (WDAY).
