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Tuesday, January 31, 2023

Is Workday Inc. (NASDAQ: WDAY) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Workday Inc. (WDAY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.75, or -0.46%, to $163.17. The Workday Inc. has recorded 53,116 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Tecsys Completes Workday Certified Integration.

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Stocks Info

WDAY belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $163.92 and fluctuated between $164.41 as its day high and $159.00 as its day low. The current market capitalization of Workday Inc. is $41.88B. A total of 1.92 million shares were traded on the day, compared to an average of 2.27M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WDAY has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 23,705 shares. Over the last 12 months, there were 23 BUYs and 162 SELLs from insiders. Insiders purchased 523,181 shares during that period but sold 573,118.

In the most recent transaction, Larson Barbara A sold 1,491 shares of WDAY for 161.73 per share on Jan 05. After the transaction, the Chief Financial Officer now owns 75,097 company shares. In a previous transaction on Jan 05, BHUSRI ANEEL sold 2,787 shares at 161.72 per share. WDAY shares that Co-CEO owns now total 415,722.

Among the insiders who sold shares, Robinson Douglas A. disposed of 1,444 shares on Jan 05 at a per-share price of $161.73. This resulted in the Co-President holding 130,068 shares of WDAY after the transaction. In another insider transaction, Sauer Richard Harry sold 2,351 shares at $161.72 per share on Jan 05. Company shares held by the Chief Legal Officer & Secty now total 90,012.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WDAY in the last 3 months, the mean price target is $205.62 with high estimates of $245.00 and low estimates of $142.00. In terms of 52-week highs and lows, WDAY has a high of $261.89 and a low of $128.72.

As of this writing, WDAY has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 31 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.72. The company reported an EPS of $0.83 in the last quarter, which was -3.50% lower than expectations of $0.86.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 39 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WDAY is Sell with a score of 4.45. A total of 25 analysts rated the stock as Buy while 5 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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