PLEASANTON, CA – Richard Harry Sauer, Chief Legal Officer and Secretary at Workday, Inc. (NASDAQ:), a software company with a market capitalization of $66.35 billion, recently made a stock sale amounting to $926,231. The transactions, which occurred on January 7, included the sale of 3,677 shares of Class A Common Stock. Shares traded in prices ranging from $251.4805 to $253.19, near the 52-week midpoint of $199.81 at $311.28.
These sales were conducted under a previously established Rule 10b5-1 trading plan, which Sauer adopted on June 7, 2023. Following this transaction, 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 and strong liquidity, as current assets exceed short-term liabilities by more than 2x.
Additionally, on January 5, Sauer disposed of 2,542 shares to settle tax obligations related to the grant of restricted stock units, valued at $642,719. These shares were held by the issuer, Workday, Inc., for tax purposes. For more in-depth information on Career 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 developments, including an upgrade from Guggenheim and an increase in the share target by RBC Capital Markets. Guggenheim updated the company's rating from Sell to Neutral, acknowledging the company's quality despite the change in growth dynamics. RBC Capital Markets raised its price target on Workday, indicating confidence in the company's prospects bolstered by 16.8% revenue growth.
Workday's fee revenue growth is down from 18.6% growth in FY24 and 16.7% growth in FY25, but the company maintains a strong financial health score. The company's new management has launched plans to expand the market, targeting small to medium-sized businesses (SMBs). Analysts believe that if Workday meets its fourth-quarter guidance, annual contract value (ACV) new subscription revenue growth could remain flat in FY26.
Workday's latest developments also include a 16% increase in subscription revenue for Q3. However, the fiscal year 2026 fee growth forecast was revised down to a slightly lower 14%. Despite the change, 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 milestone that reflects strong market capitalization and liquidity. Piper Sandler analysts, following the CIO Survey of 2025, showed a strong outlook for IT spending, which could benefit companies like Workday. Finally, Workday received a stable Buy rating and a $290.00 price target from TD Cowen, indicating confidence in Workday's long-term prospects despite current economic challenges.
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