Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
David A. Duffield, a ten percent owner of Workday, Inc. (NASDAQ:WDAY), a prominent enterprise software company with a market capitalization of $62.6 billion and impressive 76% gross margins, sold shares of Class A Common Stock worth approximately $17.7 million on October 8, 2025. The sales, executed in multiple transactions, saw prices ranging from $233.2069 to $238.1278 per share.
Duffield sold a total of 3,400 shares at a weighted average price of $233.2069, 9,489 shares at a weighted average price of $234.2603, 12,978 shares at a weighted average price of $235.18, 8,656 shares at a weighted average price of $236.3024, 30,595 shares at a weighted average price of $237.2676 and 9,935 shares at a weighted average price of $238.1278.
On the same day, Duffield also converted 75,053 shares of Class B Common Stock into Class A Common Stock, at a price of $0. For deeper insights into Workday’s valuation and financial metrics, including 12 additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Workday has completed its acquisition of Paradox, a conversational AI platform aimed at enhancing the job application process. This acquisition bolsters Workday’s talent acquisition capabilities, offering a unified AI-powered recruitment suite now available to both existing and new customers. Analysts have been active in updating their views on Workday, with BMO Capital reiterating an Outperform rating and setting a price target of $285. DA Davidson has raised its price target for Workday to $260, citing growth in the company’s AI initiatives, while maintaining a Neutral rating. Stifel has maintained its Hold rating with a price target of $255, following discussions about AI integration and platform adoption with Workday’s customers and partners. Additionally, RBC Capital has reiterated an Outperform rating with a price target of $340, expressing confidence in Workday’s growth strategy after attending the company’s annual customer conference. These developments highlight the ongoing interest and analysis surrounding Workday’s strategic moves and market position.
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