Workday (WDAY) is down 3.2% today. Here is some analysis on what might have caused this price movement. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/wday-20260929.htm))
Analysis: The most likely catalyst is Workday’s September 29, 2026 Form 8-K, which disclosed a reorganization that includes workforce reductions and office-space cuts. Even though the company reiterated its fiscal 2027 third-quarter and full-year guidance, the filing also said GAAP operating margin would be materially lower because of the related charges, which can pressure sentiment. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/wday-20260929.htm))
Details:
Sources:
SEC, Workday Investor Relations
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 127 times in the past 6 months. Of those trades, 0 have been purchases and 127 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 105 sales selling 1,662,333 shares for an estimated $247,311,532.
- 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 461 institutional investors add shares of $WDAY stock to their portfolio, and 463 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 4,867,045 shares (+148.5%) to their portfolio in Q2 2026, for an estimated $595,823,648
- EAGLE CAPITAL MANAGEMENT LLC added 2,616,675 shares (+30.1%) to their portfolio in Q2 2026, for an estimated $320,333,353
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 2,023,396 shares (+19.0%) to their portfolio in Q2 2026, for an estimated $247,704,138
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,008,372 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $245,864,900
- PZENA INVESTMENT MANAGEMENT LLC added 1,971,270 shares (+inf%) to their portfolio in Q2 2026, for an estimated $241,322,873
- BROWN ADVISORY INC removed 1,912,324 shares (-98.6%) from their portfolio in Q2 2026, for an estimated $234,106,704
- GENERATION INVESTMENT MANAGEMENT LLP removed 1,870,802 shares (-44.7%) from their portfolio in Q2 2026, for an estimated $229,023,580
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, 1 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 08/18 and 3 sales worth up to $115,000 on 06/05, 05/29, 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 1 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
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 10 analysts offer price targets for $WDAY in the last 6 months, with a median target of $154.5.
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.
