Sunday, June 26, 2022

Selling Buzz: Workday Inc. [WDAY] 10% Owner DUFFIELD DAVID A sells 102,500 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Workday Inc. shares valued at $14,619,716 were sold by DUFFIELD DAVID A on Jun 15. At $142.63 per share, DUFFIELD DAVID A sold 102,500 shares. The insider’s holdings dropped to 205,000 shares worth approximately $28.0 million following the completion of this transaction.


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Also, Fernandez Gomez Luciano sold 2,030 shares, netting a total of over 289,270 in proceeds. Following the sale of shares at $142.50 each, the insider now holds 265,605 shares.

Before that, Robinson Douglas A. had sold 331 shares from its account. In a trade valued at $47,167, the Co-President traded Workday Inc. shares for $142.50 each. Upon closing the transaction, the insider’s holdings decreased to 331 shares, worth approximately $18.72 million.

As published in a research note from UBS on May 17, 2022, Workday Inc. [WDAY] has been rated down from a Buy to a Neutral. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 01, 2022, Societe Generale has increased its “Hold” rating to a “Buy” for WDAY. Earlier on March 01, 2022, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for WDAY stock.

Analyzing WDAY’s Price Performance

On Wednesday, Workday Inc. [NASDAQ: WDAY] plunged -1.45% to $136.59. The stock’s lowest price that day was $135.05, but it reached a high of $139.53 in the same session. During the last five days, there has been a drop of approximately -2.00%. Over the course of the year, Workday Inc. shares have dropped approximately -50.00%. Shares of the company reached a 52-week high of $272.49 on 01/03/22 and a 52-week low of $135.05 on 06/22/22. A 50-day SMA is recorded $179.59, while a 200-day SMA reached $238.65. Nevertheless, trading volume fell to 6.22 million shares from 2.54 million shares the previous day.

Support And Resistance Levels for Workday Inc. (WDAY)

According to the 24-hour chart, there is a support level at 134.58, which, if violated, would cause prices to drop to 132.58. In the upper region, resistance lies at 139.06. The next price resistance is at 141.54. RSI (Relative Strength Index) is 30.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.00, which suggests the price will decrease in the coming days. Percent R is at 95.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Workday Inc. (WDAY)?

According to The Vanguard Group, Inc. filings, the company currently owns 11,754,939 shares, which is about 6.00% of the total WDAY shares outstanding. The investor’s shares have appreciated by 158,191 from its previous 13-F filing of 11596748.0 shares. With the completion of the sale, Baillie Gifford & Co.’s stake is now worth $1,211,598,056. Wellington Management Co. LLP reduced a -27.24% interest valued at $1.11 billion while BlackRock Fund Advisors purchased a 109,023 stake. A total of 1,453,917 shares of Workday Inc. were bought by Janus Henderson Investors US LLC during the quarter, and -692,155 were sold by Lone Pine Capital LLC. In its current portfolio, SSgA Funds Management, Inc. holds 4,181,786 shares valued at $653.61 million.

In terms of Workday Inc. share price expectations, FactSet research, analysts set an average price target of $219.32 in the next 12 months, up nearly 58.73% from the previous closing price of $138.60. Analysts anticipate Workday Inc. stock to reach $310.00 by 2022, with the lowest price target being $160.00. In spite of this, 34 analysts ranked Workday Inc. stock as a Buy at the end of 2022. On March 01, 2022, UBS assigned a price target of “a Buy” to the stock and reiterated coverage with a $275.

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