David Duffield Sells Shares of Workday, Inc.

David Duffield, a significant shareholder, sold 107,500 shares of Workday, Inc. (NasdaqGS: WDAY) on June 12, 2026. The stock was trading at $128.77 at the time of the transaction. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Workday, Inc.

David Duffield executed multiple trades involving Workday shares in June 2026. On June 12, he sold 107,500 shares at an average price of $128.52, while earlier in the month, on June 9, he sold the same number of shares at an average price of $138.32. These transactions were a mix of planned and non-planned trades.

Other Institutional Activity in Workday

Several major institutional investors have adjusted their positions in Workday. BlackRock, Inc. increased its stake by 143,469 shares, bringing its total to over 20 million shares valued at approximately $2.61 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established new positions, each holding over 13 million and 11 million shares respectively. Hotchkis & Wiley Capital Management LLC significantly boosted its holdings by nearly 3.9 million shares, ending with about 10.7 million shares worth $1.38 billion. Conversely, State Street Corp reduced its position by 233,987 shares, resulting in a total of 9.5 million shares valued at $1.24 billion.

Workday, Inc. Stock Down 37.1%

Shares of Workday, Inc. are currently trading near $128.77. The company boasts a market capitalization of $32.3 billion with a P/E ratio of 40.9 and a forward P/E of 10.3. Its beta is 1.081, indicating moderate volatility compared to the market. Over the past year, the stock has ranged from a low of $110.36 to a high of $249.85, and it has moving averages of $127.99 over 50 days and $181.76 over 200 days. Workday maintains a current ratio of 1.009 and a quick ratio of 0.912, with a debt-to-equity ratio of 56.936.

Recent Earnings

In its latest earnings report, Workday reported revenue of $9.85 billion, reflecting a growth of 13.5%. The company achieved a net margin of 8.6% and a return on equity of 10.9%. Earnings per share stood at $3.20. The next earnings release is scheduled for August 20, 2026.

Analysts Set New Price Targets

Analysts have maintained their ratings on Workday, with several firms setting new price targets. On May 26, 2026, Goldman Sachs maintained a 'hold' rating with a $151 target. UBS, Jefferies, and Citigroup also maintained 'hold' ratings with targets of $140, $140, and $139 respectively. Wells Fargo and Keybanc kept 'buy' ratings with targets of $185 and $158, while Needham set a $180 target, maintaining a 'buy' rating. The consensus among analysts is a 'buy', with a mean target price of $171.14 based on 38 opinions.

About Workday, Inc.

Workday, Inc. is a technology company based in Pleasanton, California. It develops enterprise cloud applications for financial management and human capital management. The company serves a diverse range of industries, including healthcare, education, and government, among others. Under the leadership of CEO Mr. Aneel Bhusri, Workday employs over 20,000 people and provides solutions that help organizations manage finances, human resources, and supply chains.

Bottom Line

David Duffield's recent sale of Workday shares is a notable event for investors tracking insider activities. The company remains a significant player in the tech sector, with a strong market presence and a diverse product offering. While past trades provide insight, they do not necessarily indicate future performance. Investors should consider the broader context of Workday's market position and analyst perspectives.