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Insider Sells $233,538.12 in Workday, Inc. (NASDAQ:WDAY) Stock

Insider Sells $233,538.12 in Workday, Inc. (NASDAQ:WDAY) Stock

A Workday, Inc. (NASDAQ: WDAY) insider named Douglas A. Robinson sold 1,444 shares of the company’s stock on Thursday, January 5th. A total of 233,538.12 dollars was made from the stock sale at an average price of 161.73 dollars per share, which brought in revenue. After the completion of the transaction, the company insider will now directly own 130,068 shares of the company’s stock. These shares have a value of approximately $21,035,897.64 each. In addition, the Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC.
Workday (NASDAQ: WDAY) disclosed its business’s most recent quarterly financial report on November 29. The report was for the company’s most recent quarter. The software company’s earnings per share for the quarter came in at $0.03, which was $0.18 less than the consensus estimate of market experts, who had predicted that the company would earn $0.15 per share. The revenue for the quarter came in at $1.60 billion, which is a sizeable increase compared to the average prediction of $1.59 billion made by the market quarter. The software company’s earnings per share for the quarter came in at $0.03, which was $0.18 less than the consensus estimate of market experts, who had predicted that the company would earn $0.15 per share. The revenue for the quarter came in at $1.60 billion, which is a sizeable increase compared to the average prediction of $1.59 billion made by the market. The return on equity and Workday’s net margin was in the red. The return on equity was -2.11%, and the net margin was -5.29%. The company Workday reported a quarterly revenue increase of 20.5% compared to the previous year’s period. The company reported a profit of $0.97 per share for the quarter, compared to the results it achieved during the same period the year before. The current fiscal year of Workday, Inc. is expected to end with a loss of $0.44 per share, according to projections made by market analysts.
Workday announced on Tuesday, November 29th that its board of directors had approved a share repurchase program with a total value of one billion dollars in U.S. currency. The terms of this buyback authorization stipulate that the software company is permitted to repurchase from the open market a number of its shares of stock equal to up to 1.2% of the total number of shares outstanding. When there is a plan to buy back corporate stock, it is almost always obvious that the board of directors thinks the company is trading at an attractive price.
When the market was closed on Monday, the share price of Workday had increased by $1.79, bringing its total to $162.93. The volume of the stock’s trading was 1,727,579 shares, which is lower than the daily average volume of trading, which is 2,079,176 shares. The cost of using Workday, Inc., can range anywhere from $128.12 to $261.89 over a single year. The stock has a simple moving average of $159,04.04 over the past 50 days. It has a market value of $41.87 billion, a P/E ratio of -13.43, and a beta value of 1.27. There is a ratio of 0.55 debt to equity, a ratio of 1.87 between the quick and current ratios, and a ratio of 1.87 between the current and the quick ratios.
Recently, several hedge funds have changed how they invest their money in WDAY by implementing various new strategies. During the first quarter, R.B. Capital Management LLC increased the percentage of the company’s stock that it owns by 2.8%. After purchasing an additional 76 shares during the most recent quarter, R.B. Capital Management LLC now owns a total of 2,763 shares of the software manufacturer’s stock, which has a value of $662,000. These shares were acquired during the most recent quarter. In addition, the private advisory firm Private Advisor Group LLC increased the amount of Workday stock owned by 11.8% during the first three months of 2018. Private Advisor Group LLC now has 2,511 shares of the software manufacturer’s stock, which have a combined value of $601,000 after purchasing an additional 265 shares during the most recent quarter. This brings the total number of shares that the company owns to 2,511. In addition, MetLife Investment Management LLC shelled out approximately $2.974 million during the first three months of 2018 to acquire a new investment in Workday. Finally, Yousif Capital Management LLC increased the number of Workday shares it owned by 2.7% over the year’s first three months. Yousif Capital Management LLC now owns a total of 2,813 shares of the software manufacturer’s stock, which has a market value of $674,000 after purchasing an additional 74 shares during the most recent quarter. During the first three months of 2018, Raymond James Trust N.A. increased the amount of Workday stock owned by 10.3%, making this the last point to mention. Following the acquisition of 316 additional shares during the most recent quarter, Raymond James Trust N.A. now holds 3,391 shares of the software developer’s stock. The value of Raymond James Trust N.A.’s holdings in this business is currently $812,000. Institutional investors currently own the company’s shares 66.98%.
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