PLEASANTON, CA—Richard Harry Sauer, Chief Legal Officer and Secretary at Workday, Inc. (NASDAQ: ), the $66.35 billion market cap software company, recently sold $926,231 worth of shares. The transactions, which occurred on Jan. 7, included the sale of 3,677 shares of Class A common stock. The shares traded at prices ranging from $251.4805 to $253.19, near the midpoint of the stock’s 52-week range of $199.81 to $311. 28 dollars.
These sales were made pursuant to a predetermined Rule 10b5-1 trading plan, which Sauer adopted on June 7, 2023. Following these transactions, Sauer holds 79,576 shares of Workday’s Class A common stock, including 68,842 restricted stock units. According to InvestingProWorkday maintains strong financial health with strong liquidity, as current assets exceed current liabilities by more than 2x.
Furthermore, on January 5, Sauer sold 2,542 shares to cover tax obligations related to the vesting of restricted stock units, valued at $642,719. The issuer, Workday, Inc., retained these shares for tax purposes. For deeper insights into Workday’s valuation and 12+ exclusive ProTips, visit InvestingProwhere you will find a comprehensive analysis in our Pro Research Report.
In other recent news, Workday has seen significant moves, including an upgrade from Guggenheim and a targeted stake increase from RBC Capital Markets. Guggenheim revised the company’s rating from Sell to Neutral, acknowledging the quality of the company despite the shift in growth dynamics. RBC Capital Markets raised its price target on Workday, signaling confidence in the company’s prospects underpinned by 16.8% revenue growth.
Weekday subscription revenue growth has slowed with an increase of 18.6% in FY24 and an increase of 16.7% in FY25, but the company still maintains a strong financial result. The company’s new management has launched strategies to expand the market, targeting small and medium-sized enterprises (SMBs). Analysts believe that if Workday meets its Q4 guidance, new annual contract value (ACV) growth for subscription revenue could be flat in FY26.
Workday’s recent developments also include a 16% increase in subscription revenue in the third quarter. However, the subscription growth forecast for fiscal year 2026 has been adjusted to a slightly lower 14%. Despite these changes, analyst firms TD Cowen and Oppenheimer maintained their positive ratings, while Goldman Sachs cut its price target but maintained a Buy rating.
Furthermore, Workday is set to join the S&P 500 index, a significant event that reflects the company’s strong market capitalization and liquidity. Piper Sandler analysts, tracking the 2025 CIO Survey, pointed to a strong outlook for IT spending, which could benefit companies like Workday. Finally, Workday was assigned a Buy rating and a $290.00 target price from TD Cowen, reflecting confidence in Workday’s long-term prospects despite current economic challenges.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
