Keeping an Eye on Workday Inc. (WDAY) After Insider Trading Activity


Workday Inc.’s recently made public that its Co-President Chakraborty Sayan unloaded Company’s shares for reported $1.08 million on Jul 06. In the deal valued at $218.81 per share,4,917 shares were sold. As a result of this transaction, Chakraborty Sayan now holds 134,157 shares worth roughly $ 31.7 million.

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Then, Bozzini James sold 4,941 shares, generating $1,094,104 in total proceeds. Upon selling the shares at $221.43, the COO now owns 139,118 shares.

Before that, Sauer Richard Harry sold 4,223 shares. Workday Inc. shares valued at $935,114 were divested by the Chief Legal Officer & Secty at a price of $221.43 per share. As a result of the transaction, Sauer Richard Harry now holds 121,737 shares, worth roughly $28.77 million.

Needham reiterated its Workday Inc. [WDAY] rating to a Buy in a research note published on Monday, August 25, 2023; the price target was $250. PT values the company’s stock at a premium of 5.48 to its Monday closing price.

Price Performance Review of WDAY

On Monday, Workday Inc. [NASDAQ:WDAY] saw its stock fall -0.28% to $236.30. On the same session, the stock had its day’s lowest price of $234.7601, but rose to a high of $238.50. Over the last five days, the stock has gained 3.99%. Workday Inc. shares have risen nearly 41.22% since the year began. Nevertheless, the stocks have risen 45.54% over the past one year. While a 52-week high of $240.18 was reached on 08/01/23, a 52-week low of $128.72 was recorded on 01/05/23. SMA at 50 days reached $226.58, while 200 days put it at $193.04. A total of 1.88 million shares were traded, compared to the trading of 3.63 million shares in the previous session.

Levels Of Support And Resistance For WDAY Stock

The 24-hour chart illustrates a support level at 234.54, which if violated will result in even more drops to 232.78. On the upside, there is a resistance level at 238.28. A further resistance level may holdings at 240.26. The Relative Strength Index (RSI) on the 14-day chart is 59.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.50%. Stochastics %K at 70.49% indicates the stock is a holding.

How much short interest is there in Workday Inc.?

A steep rise in short interest was recorded in Workday Inc. stocks on Aug 14, 2023, dropping by -0.56 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.22 million shares. There was a decline of -15.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.25.

Workday Inc. [WDAY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,298,329 shares, or roughly 6.46% of the outstanding WDAY shares. In other words, the investor’s shares have risen by 318,628 from its previous 13-F filing of 12979701.0. Additionally, Janus Henderson Investors US LLC decreased -7.91% of its stake after which the total value it holdings stand at $1,837,832,670, while BlackRock Fund Advisors added 0.34% of its stake to hold $1.82 billion in the firm. Over the last quarter, Baillie Gifford & Co. sold -150,597 shares of Workday Inc., while SSgA Funds Management, Inc. sold 22,929 shares. At present, Fidelity Management & Research Co is holding 4,154,045 shares valued at $985.05 million. Sustainable Growth Advisers LP owned 4,146,929 shares of the company at the time of its most recent 13F filing, worth $983.36 million.

According to FactSet, Workday Inc.’s share price will average $259.41 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.72 percent from its previous closing price of $236.97. Analysts expect Workday Inc. stock to reach the higher price of $310.00, while the lowest price estimate is $169.00. However, 39 analysts have rated WDAY stock as an Overweight in their predictions for 2023.


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