Fri Dec 06 22:40:00 UTC 2024: ## Institutional Investors Adjust Stakes in Workday (WDAY) Amid Insider Stock Sales
**Sioux Falls, SD** – Several institutional investors have recently altered their positions in Workday, Inc. (NASDAQ: WDAY), the enterprise cloud applications provider. Stifel Financial Corp notably increased its stake by 13.7%, now owning 396,759 shares valued at $96.97 million. Other significant adjustments include a 69.2% increase by Quantinno Capital Management LP and a substantial 204% rise by Quarry LP. Conversely, major shareholder David A. Duffield sold 70,003 shares, representing a 40.46% decrease in his holdings, while insider Richard Harry Sauer also offloaded shares. This follows a quarter where insiders sold a total of 361,463 shares.
Analyst sentiment remains largely positive, with twenty analysts issuing buy ratings, eight giving hold ratings, and only one a sell rating, resulting in a “Moderate Buy” consensus. Target prices range from $250 to $310, with a consensus price of $288.14. Despite the mixed signals, Workday’s stock closed at $267.24 on Friday, up $4.54. The company recently reported strong Q3 earnings, exceeding analysts’ expectations with $1.89 EPS and $2.16 billion in revenue. However, the insider selling activity and varying analyst opinions present a complex picture for potential investors.
First Piper 