PLEASANTON, CA — Garfield Mark S., the Chief Accounting Officer of Workday, Inc. (NASDAQ:WDAY), a prominent player in the software industry with a market capitalization of $61.9 billion, recently sold 497 shares of the company’s Class A Common Stock. The transaction, which took place on April 10, 2025, was executed under a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $226.55, resulting in a total sale value of approximately $112,595. The stock has since risen to $232.34, according to InvestingPro data, which indicates the company is currently trading slightly below its Fair Value.
Following this transaction, Garfield retains ownership of 34,385 shares, which includes 33,418 restricted stock units (RSUs). Each RSU entitles him to one share of Class A Common Stock upon settlement, contingent on his continued service with Workday on the applicable vesting dates. The company maintains strong financial health with more cash than debt on its balance sheet, and 24 analysts have recently revised their earnings expectations upward. For comprehensive insider trading analysis and additional insights, including 10 more exclusive ProTips, visit InvestingPro.
In other recent news, Workday has reported impressive earnings, surpassing expectations and boosting confidence in its growth potential. The company’s subscription revenue is projected to grow by approximately 15% in the fiscal year 2026, with a notable performance in the UK and Germany. Scotiabank (TSX:BNS) has increased its price target for Workday to $355, maintaining a Sector Outperform rating, while BMO Capital Markets raised its target to $314, citing the company’s strategic use of artificial intelligence (AI) as a growth driver. Workday has also launched new AI-powered contract management tools, enhancing its platform’s capabilities in finance and human resources.
KeyBanc Capital Markets maintained its Overweight rating with a $335 target, expressing confidence in Workday’s strategic positioning. Needham also reaffirmed its Buy rating with a $300 target, highlighting Workday’s efforts to deepen integration capabilities and improve its Student system. The company’s focus on AI, with 30% of customer expansions involving AI products, is drawing attention, and management has indicated an increase in non-GAAP operating margins for FY26. These recent developments reflect Workday’s ongoing efforts to enhance business efficiency and capture demand across various sectors.
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