Why Workday (WDAY) Stock Is Up Today

Workday (WDAY) is up 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a mix of improving sentiment and earnings positioning rather than a single fresh headline. Workday has been rebounding after a favorable analyst upgrade, and investors may also be leaning into the stock ahead of its next quarterly report as the company continues to emphasize AI products, margins, and cash flow.

Details:

Workday’s most recent quarterly release showed double-digit subscription revenue growth, reaffirmed full-year subscription revenue guidance, and raised its non-GAAP operating margin outlook.

Management said customers using Workday’s organically developed AI agents more than doubled from the prior quarter, with more than 4,000 customers using at least one agent.

A brokerage firm recently upgraded the stock to Buy, pointing to a depressed valuation, attractive margin profile, strong cash generation, and progress with agentic AI offerings.

Recent company updates have also kept the story constructive, including a July announcement that Workday Adaptive Planning received FedRAMP Moderate authorization for federal workforce and budget planning.

Sources:

Workday Investor Relations, Investing.com, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WDAY Insider Trading Activity

$WDAY insiders have traded $WDAY stock on the open market 136 times in the past 6 months. Of those trades, 0 have been purchases and 136 have been sales.

Here’s a breakdown of recent trading of $WDAY stock by insiders over the last 6 months:

DAVID A DUFFIELD has made 0 purchases and 114 sales selling 2,042,500 shares for an estimated $271,195,315.
ZANE ROWE (Chief Financial Officer) has made 0 purchases and 6 sales selling 12,000 shares for an estimated $1,631,517.
GERRIT S KAZMAIER (President, Prod. and Tech.) has made 0 purchases and 4 sales selling 12,084 shares for an estimated $1,593,002.
ROBERT ENSLIN (President, CCO) has made 0 purchases and 10 sales selling 10,747 shares for an estimated $1,420,310.
MARK S. GARFIELD (Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,503 shares for an estimated $309,714.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$WDAY Hedge Fund Activity

We have seen 464 institutional investors add shares of $WDAY stock to their portfolio, and 613 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 3,898,261 shares (+57.7%) to their portfolio in Q1 2026, for an estimated $504,707,851
GOLDMAN SACHS GROUP INC added 2,614,558 shares (+196.6%) to their portfolio in Q1 2026, for an estimated $338,506,824
PARNASSUS INVESTMENTS, LLC removed 2,116,802 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $274,062,354
NEWLANDS MANAGEMENT OPERATIONS LLC removed 1,363,667 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $176,553,966
BARCLAYS PLC removed 1,224,208 shares (-51.6%) from their portfolio in Q1 2026, for an estimated $158,498,209
FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 1,215,804 shares (+16.0%) to their portfolio in Q2 2026, for an estimated $148,838,725
EAGLE CAPITAL MANAGEMENT LLC added 1,131,638 shares (+14.9%) to their portfolio in Q1 2026, for an estimated $146,513,171

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WDAY Congressional Stock Trading

Members of Congress have traded $WDAY stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $WDAY stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 1 purchase worth up to $15,000 on 03/13 and 3 sales worth up to $115,000 on 06/05, 05/29, 04/14.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WDAY Analyst Ratings

Wall Street analysts have issued reports on $WDAY in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 05/22/2026
BWG Global issued a "Negative" rating on 05/15/2026
BTIG issued a "Buy" rating on 02/25/2026
Needham issued a "Buy" rating on 02/09/2026

To track analyst ratings and price targets for $WDAY, check out Quiver Quantitative's $WDAY forecast page.

$WDAY Price Targets

Multiple analysts have issued price targets for $WDAY recently. We have seen 24 analysts offer price targets for $WDAY in the last 6 months, with a median target of $177.5.

Here are some recent targets:

Kash Rangan from Goldman Sachs set a target price of $151.0 on 05/26/2026
Billy Fitzsimmons from Piper Sandler set a target price of $145.0 on 05/22/2026
Allan Verkhovski from BTIG set a target price of $175.0 on 05/22/2026
Scott Berg from Needham set a target price of $180.0 on 05/22/2026
Steven Enders from Citigroup set a target price of $139.0 on 05/22/2026
Jason Celino from Keybanc set a target price of $158.0 on 05/22/2026
Michael Turrin from Wells Fargo set a target price of $185.0 on 05/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.