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Friday, September 29, 2023

Momentum Is Strong For Workday Inc. (NASDAQ: WDAY)

After Hours

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. After-hours trades for Workday Inc. (WDAY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.07, or -0.42%, to $251.14. The Workday Inc. has recorded 30,408 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Accenture and Workday Expand Partnership to Help Organizations Accelerate Finance Transformation.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $252.21 and fluctuated between $252.72 as its day high and $248.11 as its day low. The current market capitalization of Workday Inc. is $65.64B. A total of 1.24 million shares were traded on the day, compared to an average of 1.79M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WDAY has seen 12 BUY and 22 SELL insider trades, representing the acquisition of 183,835 and the disposition of 42,624 shares. Over the last 12 months, there were 29 BUYs and 83 SELLs from insiders. Insiders purchased 1,306,706 shares during that period but sold 391,558.

In the most recent transaction, Sauer Richard Harry sold 24,365 shares of WDAY for 247.90 per share on Sep 06. After the transaction, the Chief Legal Officer & Secty now owns 97,372 company shares. In a previous transaction on Sep 06, Chakraborty Sayan sold 412 shares at 245.68 per share. WDAY shares that Co-President owns now total 133,417.

Among the insiders who sold shares, Robinson Douglas A. disposed of 407 shares on Sep 05 at a per-share price of $246.26. This resulted in the Co-President holding 178,323 shares of WDAY after the transaction. In another insider transaction, Chakraborty Sayan sold 328 shares at $246.26 per share on Sep 05. Company shares held by the Co-President now total 133,829.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WDAY in the last 3 months, the mean price target is $261.36 with high estimates of $310.00 and low estimates of $169.00. In terms of 52-week highs and lows, WDAY has a high of $252.29 and a low of $128.72.

As of this writing, WDAY has an earnings estimate of $1.4 per share for the current quarter. EPS was calculated based on a consensus of 31 estimates, with a high estimate of $1.53 per share and a lower estimate of $1.23. The company reported an EPS of $1.31 in the last quarter, which was 17.00% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WDAY’s latest balance sheet shows that the firm has $3.64B in Cash & Short Term Investments as of fiscal 2022. There were $2.10B in debt and $5.07B in liabilities at the time. Its Book Value Per Share was $24.02, while its Total Shareholder’s Equity was $4.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.41.

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