Large Outflow of Money Witnessed in Workday

Workday (NYSE:WDAY) had an volatile session and gained 1.26 points till last call. The price was at $78.89, gaining 1.62% till the last intraday data. The total uptick value was $33.42 million while the total downtick value was $46.53 million. The shares saw a net money flow of $(-13.1) million and the up/down ratio stood at 0.72. The stock has seen a change of of -1.56% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-15.21) million. Almost $5.19 million were received in upticks and approximately $20.4 million were lost in downticks, thereby giving the up/down ratio of 0.25.


Currently the company Insiders own 41.78% of Workday shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.94% . During last six month period, the net percent change held by insiders has seen a change of 1.33%. On the companys insider trading activities, The director, of Workday, Inc., Still George J Jr had unloaded 31,000 shares at $80.86 per share in a transaction on June 8, 2016. The total value of transaction was $2,506,660. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Workday (NYSE:WDAY) : On Monday heightened volatility was witnessed in Workday (NYSE:WDAY) which led to swings in the share price. The stock opened for trading at $77.48 and hit $79.94 on the upside , eventually ending the session at $78.89, with a gain of 1.62% or 1.26 points. The heightened volatility saw the trading volume jump to 1,958,775 shares. The 52-week high of the share price is $85.67 and the company has a market cap of $15,541 million. The 52-week low of the share price is at $47.32 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs maintains its ratings on Workday (NYSE:WDAY). In the latest research report, Goldman Sachs raises the target price from $71 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 1, 2016.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for a range of companies, educational institutions and government agencies. The Companys applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.