Taking a look at what insiders are doing to gauge the Workday Inc. (WDAY)’s direction

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 $16,015,027 were sold by DUFFIELD DAVID A on Sep 15. At $156.24 per share, DUFFIELD DAVID A sold 102,500 shares. The insider’s holdings dropped to 102,500 shares worth approximately $15.43 million following the completion of this transaction.

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Also, Fernandez Gomez Luciano sold 2,046 shares, netting a total of over 323,915 in proceeds. Following the sale of shares at $158.32 each, the insider now holds 257,656 shares.

Before that, Robinson Douglas A. had sold 221 shares from its account. In a trade valued at $34,988, the Co-President traded Workday Inc. shares for $158.32 each. Upon closing the transaction, the insider’s holdings decreased to 221 shares, worth approximately $20.27 million.

As published in their initiating research note from Citigroup on September 01, 2022, Workday Inc. [WDAY] has been a Neutral and the price target has been revised to $186. This represents a 19.09% premium over Thursday’s closing price. Analysts at Guggenheim started covering the stock with ‘”a Sell”‘ outlook in a report released in mid August. As of May 17, 2022, UBS has decreased its “Buy” rating to a “Neutral” for WDAY. Earlier on March 29, 2022, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for WDAY stock which previously was a “an Outperform”.

Analyzing WDAY’s Price Performance

On Thursday, Workday Inc. [NASDAQ: WDAY] plunged -0.32% to $150.49. The stock’s lowest price that day was $148.85, but it reached a high of $152.21 in the same session. During the last five days, there has been a drop of approximately -2.49%. Over the course of the year, Workday Inc. shares have dropped approximately -44.91%. Shares of the company reached a 52-week high of $272.49 on 01/03/22 and a 52-week low of $134.10 on 07/13/22. A 50-day SMA is recorded $159.03, while a 200-day SMA reached $200.66. Nevertheless, trading volume fell to 2.5 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 148.82, which, if violated, would cause prices to drop to 147.16. In the upper region, resistance lies at 152.18. The next price resistance is at 153.88. RSI (Relative Strength Index) is 38.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.73, which suggests the price will decrease in the coming days. Percent R is at 93.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Workday Inc. subject to short interest?

Stocks of Workday Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.19 million shares to 8.81 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.62 million shares. A jump of 2.16% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.75 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.75.

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

According to The Vanguard Group, Inc. filings, the company currently owns 12,266,789 shares, which is about 6.10% of the total WDAY shares outstanding. The investor’s shares have appreciated by 511,850 from its previous 13-F filing of 11754939.0 shares. With the completion of the buy transaction, Janus Henderson Investors US LLC’s stake is now worth $1,507,048,543. Baillie Gifford & Co. reduced a -5.01% interest valued at $1.21 billion while BlackRock Fund Advisors purchased a 171,504 stake. A total of -103,322 shares of Workday Inc. were bought by Lone Pine Capital LLC during the quarter, and -2,625,538 were sold by Wellington Management Co. LLP. In its current portfolio, SSgA Funds Management, Inc. holds 4,096,262 shares valued at $674.08 million.

In terms of Workday Inc. share price expectations, FactSet research, analysts set an average price target of $216.71 in the next 12 months, up nearly 45.71% from the previous closing price of $150.98. Analysts anticipate Workday Inc. stock to reach $282.00 by 2022, with the lowest price target being $142.00. In spite of this, 35 analysts ranked Workday Inc. stock as an Overweight at the end of 2022. On March 01, 2022, Societe Generale assigned a price target of “a Buy” to the stock and upgraded coverage with a $309.


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