Workday jumps as Q1 results beat expectations and profitability outlook improves

Workday, Inc. (WDAY) is up 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Workday’s fiscal 2027 first-quarter earnings release, which showed better-than-expected profitability and an improved full-year margin outlook. Investors also seemed encouraged that subscription-revenue expectations were maintained while management emphasized ongoing AI-driven customer adoption.

Details:

Workday reported fiscal 2027 Q1 results for the quarter ended April 30, 2026, including non-GAAP diluted EPS of $2.66 versus $2.23 in the prior-year period.

The company reiterated its fiscal 2027 subscription revenue outlook of $9.925 billion to $9.950 billion.

Workday increased its fiscal 2027 non-GAAP operating margin guidance to 30.5%.

The market reaction also likely reflects relief that enterprise demand has held up amid heightened investor focus on AI-related disruption risk across software.

Sources:

Workday Investor Relations, Workday Newsroom, StreetInsider

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 106 times in the past 6 months. Of those trades, 0 have been purchases and 106 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 80 sales selling 1,483,101 shares for an estimated $228,897,318.
ROBERT ENSLIN (President, CCO) has made 0 purchases and 6 sales selling 27,558 shares for an estimated $5,358,052.
GERRIT S KAZMAIER (President, Prod. and Tech.) has made 0 purchases and 8 sales selling 19,662 shares for an estimated $3,418,100.
ZANE ROWE (Chief Financial Officer) has made 0 purchases and 8 sales selling 12,000 shares for an estimated $2,021,806.
CARL M. ESCHENBACH (CEO) sold 3,125 shares for an estimated $656,250
MARK S. GARFIELD (Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,538 shares for an estimated $378,894.
RICHARD HARRY SAUER (Chief Legal Officer & Secty) sold 1,130 shares for an estimated $237,300

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.

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$WDAY Hedge Fund Activity

We have seen 480 institutional investors add shares of $WDAY stock to their portfolio, and 723 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AUTO-OWNERS INSURANCE CO removed 10,183,016 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $1,318,395,081
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 3,898,261 shares (+57.7%) to their portfolio in Q1 2026, for an estimated $504,707,851
FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 3,269,940 shares (+75.4%) to their portfolio in Q1 2026, for an estimated $423,359,131
VANGUARD GROUP INC added 3,210,232 shares (+14.7%) to their portfolio in Q4 2025, for an estimated $689,493,628
GOLDMAN SACHS GROUP INC added 2,614,558 shares (+196.6%) to their portfolio in Q1 2026, for an estimated $338,506,824
JANUS HENDERSON GROUP PLC added 2,525,821 shares (+101.4%) to their portfolio in Q4 2025, for an estimated $542,495,834
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,024,956 shares (-50.0%) from their portfolio in Q4 2025, for an estimated $434,920,049

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 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 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 3 purchases worth up to $45,000 on 03/13, 01/28, 12/10 and 1 sale worth up to $15,000 on 04/14.

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 8 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

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
RBC Capital issued a "Outperform" rating on 01/05/2026
Guggenheim issued a "Buy" rating on 11/26/2025
Keybanc issued a "Overweight" rating on 11/26/2025
Bernstein issued a "Outperform" rating on 11/26/2025

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 28 analysts offer price targets for $WDAY in the last 6 months, with a median target of $182.5.

Here are some recent targets:

Jason Celino from Keybanc set a target price of $158.0 on 05/22/2026
Steven Enders from Citigroup set a target price of $139.0 on 05/22/2026
Scott Berg from Needham set a target price of $180.0 on 05/22/2026
Allan Verkhovski from BTIG set a target price of $175.0 on 05/22/2026
Billy Fitzsimmons from Piper Sandler set a target price of $145.0 on 05/22/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $160.0 on 05/20/2026
Rishi Jaluria from RBC Capital set a target price of $180.0 on 02/25/2026

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.