Workday Inc. ($WDAY) Stock Forecast: Down 2.4% Today

What is Workday Inc.?

Workday (WDAY) provides cloud-based financial management and human capital management software solutions. The Nasdaq Composite-listed stocks have seen significant returns in the past month.

Why is Workday Inc. going down?

WDAY stock is down 2.4% on Sep 11, 2024 14:45

• Workday (WDAY) faced a sharp downward trend in the market today.
• Negative sentiment towards WDAY options from insider selling and influential investors could have influenced this bearish movement.
• Insider trades and bearish bets on WDAY may suggest concerns about the company's future or its perceived high valuation.
• Despite the generally positive market sentiment, internal factors within the company appear to have impacted Workday's stock performance negatively today.

WDAY Price Chart

WDAY News

Buy These 5 Nasdaq Stocks With Double-Digit Returns in the Past Month

Five recently thriving Nasdaq Composite-listed stocks are: AFRM, ACGL, COO, ERIE, WDAY.

https://www.zacks.com/stock/news/2333890/buy-these-5-nasdaq-stocks-with-double-digit-returns-in-the-past-month

Workday, Buckle And 2 Other Stocks Executives Are Selling - MarineMax ( NYSE:HZO )

The Nasdaq 100 closed higher by over 1% during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced.

https://www.benzinga.com/news/24/09/40790508/workday-buckle-and-2-other-stocks-executives-are-selling

Market Whales and Their Recent Bets on WDAY Options - Workday ( NASDAQ:WDAY )

Deep-pocketed investors have adopted a bearish approach towards Workday WDAY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/09/40780793/market-whales-and-their-recent-bets-on-wday-options

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Workday Inc. Price History

23.07.2024 - WDAY Stock was up 10.7%

• Today, Workday's stock had a strong bullish movement due to the following reasons:
• Workday reported upbeat quarterly sales, exceeding analyst expectations, which led to a surge in investor confidence.
• Analysts have praised Workday's Q2 results, with some even calling it a 'turning point' for the company.
• The positive earnings report from Workday amidst an exciting earnings season contributed to the stock's upward momentum.
• Workday's strong performance also coincided with other big stocks like CAVA Group posting better-than-expected financial results, creating a positive sentiment in the market.

23.07.2024 - WDAY Stock was up 10.4%

• Workday's stock price surged nearly 13% in pre-market trading following the release of its impressive second-quarter financial results, which beat revenue estimates.
• The company's strong subscription revenue growth and operational efficiency highlighted in the earnings call transcript further fueled investor optimism.
• The positive market sentiment towards Workday was also reflected in the broader market trend, with U.S. stock futures trading higher, indicating a favorable trading day overall.

23.07.2024 - WDAY Stock was up 12.1%

• Workday (WDAY) reported Q2 earnings that beat estimates, driven by higher revenues and growing demand for its solutions across various sectors.
• Analysts have labeled Workday's Q2 performance as a 'turning point,' leading to a surge in the stock price.
• The overall positive market sentiment towards Workday was further supported by other big stocks like Cava Group posting strong Q2 results, contributing to the bullish movement.
• The market reacted positively to Workday's performance, with investors showing confidence in the company's growth trajectory and financial outlook.

11.08.2024 - WDAY Stock was down 2.4%

• Workday (WDAY) faced a sharp downward trend in the market today.
• Negative sentiment towards WDAY options from insider selling and influential investors could have influenced this bearish movement.
• Insider trades and bearish bets on WDAY may suggest concerns about the company's future or its perceived high valuation.
• Despite the generally positive market sentiment, internal factors within the company appear to have impacted Workday's stock performance negatively today.

06.08.2024 - WDAY Stock was down 1.0%

• WDAY stock might have experienced a bearish movement due to profit-taking after a recent bullish run.
• The collaboration between JNPR and Quantum Bridge in advancing AI-native networking may have diverted investor attention away from WDAY, causing a dip in its stock price.
• The focus on cybersecurity threats posed by quantum computing could have raised concerns about data security in the tech sector, impacting WDAY negatively.
• Investors may be rotating out of cloud-based software stocks like WDAY and into companies involved in cutting-edge technologies like AI-native networking, leading to the bearish movement in WDAY's stock price today.

24.04.2024 - WDAY Stock was down 15.2%

• The drop in Workday's stock price can be explained by the following factors:
• Workday released its first-quarter results, surpassing analyst predictions for sales and earnings. However, the stock price declined as the company revised its future guidance downwards.
• The adjustment of Workday's subscription revenue outlook for the year likely triggered concerns among investors about the company's growth potential.
• The general pessimism surrounding Workday's stock may have been influenced by broader market conditions, with other companies such as Intuit Inc. also facing stock price declines due to lower-than-expected quarterly earnings forecasts.

24.04.2024 - WDAY Stock was down 10.1%

• The presentation by Workday's CEO at a conference did not spark notable excitement among investors.
• Despite affirming a buy rating, Mizuho reduced the stock target for Workday, hinting at possible worries regarding the company's growth trajectory.
• With the overall market rebounding in futures, investor attention may have shifted away from Workday, causing a decline in the stock price.
• Workday's stock performance might have been affected by the absence of significant positive developments or specific catalysts, particularly in a market environment characterized by mixed sentiment.

24.04.2024 - WDAY Stock was down 14.3%

• Analysts on Wall Street have a positive outlook on Workday, recommending a Buy rating. However, a reduction in the stock's target by Piper Sandler citing macroeconomic challenges likely influenced the bearish performance.
• Despite surpassing Q1 earnings expectations with strong revenues, the stock might have been affected by prevailing macroeconomic circumstances impacting market sentiment.
• An upcoming presentation by Workday's CEO at the Jefferies Software Conference could offer valuable insights into the company's future strategies, potentially stabilizing the stock in the short term.
• The premarket trading behavior of Workday and other stocks reflects a larger market trend that likely contributed to the stock's downward movement today.

22.03.2024 - WDAY Stock was up 6.1%

• The positive reception of Workday's innovative cloud applications and established market position appears to be driving the company's upward momentum in the market.
• Despite concerns initially raised by insider stock sales totaling over $14 million, overall market sentiment remains optimistic, reflecting faith in Workday's future growth prospects.
• The increasing demand for automated recruitment processes, as indicated by projections of substantial growth in the HCM solutions market, likely contributed to Workday's stock performance, particularly with its focus on HR solutions.
• Workday's ability to stand out in the competitive software industry through its unique offerings and market positioning seems to be resonating positively with investors, fueling the stock's upward trend.

24.04.2024 - WDAY Stock was down 14.2%

• Strong financial results were reported for Q1 fiscal 2025 by Workday, with total revenues increasing by 18.1%, surpassing analyst estimates. Nonetheless, the company's reduced forward-looking guidance, especially on subscription revenue, decreased investor sentiment and caused a notable drop in its stock price.
• The decision from Piper Sandler to lower their target for Workday's shares due to macro headwinds further contributed to the pessimistic outlook on the stock.
• Market sentiment towards Workday appears cautious overall, as analysts are doubting the effectiveness of the positive recommendations, hinting at a bearish trend in the near future.
• The blend of reduced guidance, cautious outlook, and external factors like macro headwinds have all played a part in the downward movement in Workday's stock price today.

25.06.2024 - WDAY Stock was up 5.1%

• Workday's strong bullish movement today is linked to the expanded strategic partnership with Kainos Group plc, aiming to co-innovate and develop purpose-built apps for Workday users.
• The collaboration is anticipated to bring new tools and solutions to Workday's platform, enhancing its appeal to customers and potentially boosting its revenue prospects.
• This positive development likely instilled investor optimism and confidence in Workday's future growth potential, leading to the upbeat market performance observed today.

15.07.2024 - WDAY Stock was up 5.1%

• Maintaining the target price on Workday and expressing long-term potential may have boosted investor confidence, leading to increased buying activity.
• A prominent investor initiating a position in Workday could have acted as a positive endorsement for the company, attracting more investors to the stock.
• The combination of a positive outlook and a high-profile investor showing interest in Workday likely contributed to the bullish movement in the stock today.