Yahoo Finance Workday Inc (WDAY) Chief Legal Officer & Secretary Richard Sauer Sells 8,447 Shares
Workday Inc (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has reported an insider sale according to a recent SEC filing. Chief Legal Officer & Secretary Richard Sauer sold 8,447 shares of the company on April 8, 2024.Richard Sauer has been active in the market over the past year, selling a total of 51,294 shares and making no purchases. The insider's latest transaction involved the sale of 8,447 shares at a price of $268.21 each, resulting in a total value of $2,265,516.87.The insider transaction history for Workday Inc shows a pattern of insider sales, with 46 recorded over the past year compared to just 1 insider buy. This trend can provide insights into the sentiment of company insiders regarding the stock's performance and future outlook.
On the valuation front, Workday Inc's shares were trading at $268.21 on the day of the insider's sale, giving the company a market capitalization of $71.674 billion. The price-earnings ratio stands at 52.14, which is above the industry median of 26.825 but below the company's historical median price-earnings ratio.The stock's price-to-GF-Value ratio is 1.02, indicating that it is Fairly Valued according to the GF Value estimate. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide valuable insights into a company's internal perspective. The recent sale by the insider, Richard Sauer, may be of interest to current and potential shareholders as they assess the company's stock performance and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
