PLEASANTON, CA – Richard Harry Sawyer, Chief Legal Officer and Secretary at Workday, Inc. (NASDAQ:), a software company with a market cap of $66.35 billion, recently executed a series of stock sales worth $926,231. The transactions, which occurred on January 7, included the sale of 3,677 shares of Class A common stock. Shares were sold at prices ranging from $251.4805 to $253.19, near the middle of the stock's 52-week range of $199.81 to $311.28.
These sales were made pursuant to the Rule 10b5-1 predetermined trading plan, which Sauer adopted on June 7, 2023. Following these transactions, Sauer owns 79,576 shares of Class A common stock in Workday, including 68,842 restricted stock units. according to InvestingProWorkday maintains strong financial health with strong liquidity, with current assets exceeding short-term liabilities by more than double.
Additionally, on January 5, Sawyer disposed of 2,542 shares to cover tax liabilities associated with the vesting of restricted stock units of $642,719. These shares have been withheld by the issuer, Workday, Inc., for tax purposes. For deeper insights into Workday Evaluation and 12+ exclusive ProTips, visit InvestingProYou will find a comprehensive analysis in our professional research report.
In other recent news, Workday saw significant developments, including an upgrade from Guggenheim and a stock target increase by RBC Capital Markets. Guggenheim revised the company's rating from Sell to Neutral, acknowledging the company's quality despite the shift in growth dynamics. RBC Capital Markets increased its price target on Workday, signaling confidence in the company's prospects supported by 16.8% revenue growth.
Workday's subscription revenue growth has slowed with an 18.6% increase in FY24 and a 16.7% increase in FY25, yet the company maintains a strong financial health score. The company's new management has initiated strategies to expand the market, targeting small and medium-sized businesses (SMBs). Analysts believe that if Workday achieves Q4 guidance, new annual contract value (ACV) growth for subscription revenue could remain flat in FY26.
Recent developments for Workday also include a 16% increase in subscription revenue in the third quarter. However, the FY2026 subscription growth forecast has been revised to a slightly lower level of 14%. Despite these changes, analysts TD Cowen and Oppenheimer maintained their positive ratings, while Goldman Sachs lowered its price target but maintained a buy rating.
Furthermore, Workday is set to join the S&P 500 Index, an important event that reflects the company's strong market capitalization and liquidity. Piper Sandler analysts, on the heels of their 2025 CIO Survey, pointed to a strong outlook for IT spending, which could benefit companies like Workday. Finally, Workday received a Sustainable Buy rating and $290.00 price target from TD Cowen, reflecting confidence in Workday's long-term prospects despite the current economic challenges.
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