KD Logo

Workday Inc (WDAY) rating reiterates by Needham

ZOM Stock

In a filing, Workday Inc revealed its 10% Owner DUFFIELD DAVID A unloaded Company’s shares for reported $14.83 million on Apr 12 ’24. In the deal valued at $264.89 per share,56,000 shares were sold. As a result of this transaction, DUFFIELD DAVID A now holds 843,000 shares worth roughly $208.29 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, DUFFIELD DAVID A sold 65,221 shares, generating $17,498,081 in total proceeds. Upon selling the shares at $268.29, the 10% Owner now owns 102,997 shares.

Before that, Chakraborty Sayan sold 15,065 shares. Workday Inc shares valued at $4,041,530 were divested by the Co-President at a price of $268.27 per share. As a result of the transaction, Chakraborty Sayan now holds 88,205 shares, worth roughly $21.79 million.

Needham reiterated its Workday Inc [WDAY] rating to a Buy in a research note published on February 27, 2024; the price target was $350. BMO Capital Markets maintained its rating on November 29, 2023. It rated WDAY as “an Outperform”.

Price Performance Review of WDAY

On Monday, Workday Inc [NASDAQ:WDAY] saw its stock jump 0.30% to $247.08. Over the last five days, the stock has lost -1.13%. Workday Inc shares have fallen nearly -10.50% since the year began. Nevertheless, the stocks have risen 38.56% over the past one year. While a 52-week high of $311.28 was reached on 02/26/24, a 52-week low of $174.70 was recorded on 05/01/24. SMA at 50 days reached $262.71, while 200 days put it at $254.56. A total of 2.16 million shares were traded, compared to the trading of 1.58 million shares in the previous session.

Levels Of Support And Resistance For WDAY Stock

The 24-hour chart illustrates a support level at 245.90, which if violated will result in even more drops to 244.71. On the upside, there is a resistance level at 248.53. A further resistance level may holdings at 249.98. The Relative Strength Index (RSI) on the 14-day chart is 36.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.63%. Stochastics %K at 29.48% indicates the stock is a holding.

The most recent change occurred on August 25, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.

Most Popular