Workday, Inc. (NASDAQ:WDAY) Shares Sold by North Peak Capital Management LLC

North Peak Capital Management LLC lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,345 shares of the software maker’s stock after selling 3,941 shares during the period. Workday comprises 19.8% of North Peak Capital Management LLC’s portfolio, making the stock its 2nd largest holding. North Peak Capital Management LLC owned approximately 0.22% of Workday worth $140,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter worth approximately $26,000. SouthState Corp grew its position in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares during the period. Crewe Advisors LLC raised its stake in Workday by 56.6% during the second quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Workday during the second quarter valued at $35,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the completion of the transaction, the director now owns 90,000 shares of the company’s stock, valued at $22,990,500. The trade was a 7.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 359,954 shares of company stock valued at $88,742,132. 20.00% of the stock is currently owned by company insiders.

Workday Stock Down 0.0 %

NASDAQ:WDAY opened at $267.69 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The stock’s fifty day simple moving average is $248.08 and its 200-day simple moving average is $237.05. The firm has a market capitalization of $70.94 billion, a P/E ratio of 46.64, a P/E/G ratio of 5.31 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDAY. Scotiabank started coverage on shares of Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price for the company. Barclays raised their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. Bank of America increased their price target on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $289.46.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.