EUR/USD likely to find a peak near 1.25: UBS
PLEASANTON, Calif.—Sayan Chakraborty, the President of Product and Technology at Workday, Inc. (NASDAQ:WDAY), recently sold a significant portion of his holdings in the company. According to an SEC filing, Chakraborty sold shares totaling approximately $1.6 million on February 27, 2025. The sales were executed at prices ranging from $260.76 to $271.05 per share, with the stock currently trading at a P/E ratio of 41.9x and showing strong analyst support with 23 analysts recently revising earnings estimates upward.
The transactions were conducted under a Rule 10b5-1 trading plan, which was previously adopted by Chakraborty in October 2024. Following these transactions, Chakraborty retains direct ownership of 111,324 shares of Workday’s Class A common stock.
Workday, based in Pleasanton, California, is a leading provider of enterprise cloud applications for finance and human resources. The company continues to be a significant player in the technology sector, with its stock actively traded on the NASDAQ exchange. With a market capitalization of $67.7 billion, strong gross margins of 75.5%, and revenue growth of 16.4% in the last twelve months, Workday maintains a solid financial position. InvestingPro analysis reveals 12 additional key insights about Workday’s financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Workday has reported notable financial achievements, with its earnings and revenue results surpassing expectations. This impressive performance has led to several analysts revising their outlooks on the company. Scotiabank (TSX:BNS) raised its price target for Workday to $355, citing strong earnings and a promising growth projection for the company’s subscription revenue. BMO Capital also increased its target to $314, highlighting Workday’s strategic use of artificial intelligence as a potential growth driver. Stifel adjusted its price target to $310, acknowledging the company’s robust fourth-quarter performance and improved operating margins.
RBC Capital expressed optimism by raising its price target to $340, noting the company’s solid financial health and strategic initiatives. Piper Sandler increased its price target to $290, emphasizing the benefits of improved margins and operational efficiency, although it maintained a Neutral rating due to concerns about potential revenue growth moderation. Workday’s focus on artificial intelligence and its commitment to achieving an $8.8 billion subscription revenue target have drawn attention from analysts. These recent developments reflect a positive sentiment among analysts, although some express caution about future growth rates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.