Workday (WDAY) Insider David Duffield Buys 107,500 Shares

David Duffield, the co-founder of Workday, Inc., purchased 107,500 shares of the company's stock on June 22, 2026. This transaction was not part of a pre-planned trading scheme. The shares were acquired at zero cost, according to the filing, though the exact price was not disclosed.

Insider Buying and Selling at Workday, Inc.

David Duffield's recent activity in Workday includes multiple transactions on June 22, 2026. On this date, he bought 107,500 shares without a pre-planned strategy. Additional transactions were reported on June 17, 2026, where he also acquired 107,500 shares.

Workday, Inc. Stock Down 37.4%

Shares of Workday, Inc. (NASDAQ: WDAY) were trading at $118.09 on Thursday. The company boasts a market capitalization of $27.92 billion and a P/E ratio of 35.1. Its forward P/E is notably lower at 8.9, indicating potential growth expectations. Workday's stock has seen a 52-week range between $110.36 and $249.85, with a 50-day moving average of $127.72 and a 200-day moving average of $179.64. The company's beta is 1.081, suggesting moderate volatility compared to the market.

Analysts Set New Price Targets

Several analysts have maintained their ratings on Workday recently. On May 26, 2026, Goldman Sachs maintained a 'hold' rating with a target price of $151. UBS, Jefferies, and Citigroup also kept their 'hold' ratings with targets of $140 and $139, respectively. Wells Fargo and Keybanc are more optimistic, maintaining 'buy' ratings with targets of $185 and $158. As of now, the consensus among 38 analysts is a 'buy' rating, with an average target price of $171.13.

Other Institutional Activity in Workday

Institutional investors are also active in Workday. BlackRock, Inc. increased its holdings by 143,469 shares, bringing its total to 20,080,016 shares valued at about $2.61 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 13,833,094 and 11,637,749 shares, respectively. Hotchkis & Wiley Capital Management LLC significantly boosted its stake by 3,898,261 shares, a 57.7% increase, to hold a total of 10,655,733 shares. Meanwhile, State Street Corp reduced its holdings by 233,987 shares, ending with 9,536,720 shares.

About Workday, Inc.

Workday, Inc. is a technology company based in Pleasanton, California. It provides enterprise cloud applications that help businesses manage financial and human resources operations. The company's offerings include financial management, spend management, and human capital management solutions. Workday serves a diverse range of industries, including professional services, healthcare, and technology, among others. Led by CEO Aneel Bhusri, Workday employs over 20,800 people worldwide.

Bottom Line

David Duffield's recent purchase of Workday shares highlights his ongoing confidence in the company's prospects. While insider trading can provide insights into executive sentiment, it's important to remember that these transactions are just one piece of the puzzle. Investors should consider the broader market context and company fundamentals when evaluating Workday, especially given its strong institutional interest and analyst coverage.