Mark S. Garfield, serving as Chief Accounting Officer for Workday, Inc. (NASDAQ: WDAY), completed a transaction involving the sale of 918 shares of the company's Class A Common Stock on July 10, 2026. The shares were disposed of at a price of $142.19 per share, resulting in total proceeds of $130,530. This transaction was executed under the parameters of a Rule 10b5-1 trading plan that Garfield originally adopted on October 14, 2025.
Following the sale, Garfield's direct holdings in Workday Class A Common Stock stand at 73,718 shares. This portfolio includes 64,994 restricted stock units (RSUs). Each unit represents a claim to one share of Class A Common Stock upon settlement, contingent upon Garfield's continued service with Workday through the applicable vesting dates.
Workday's shares currently trade at $139.79, reflecting a 35% decline year-to-date. Despite this price movement, the company maintains a market capitalization of $34.4 billion. According to InvestingPro analysis, Workday appears undervalued based on its Fair Value assessment. The company's PEG ratio stands at 0.54, which suggests attractive growth potential.
Recent analyst activity surrounding Workday indicates a positive shift in sentiment. Monness, Crespi, Hardt upgraded the stock rating to Buy from Neutral, setting a price target of $150. The firm cited valuation as a key factor in the upgrade. Cantor Fitzgerald and Oppenheimer have also maintained positive outlooks on the enterprise software provider. Cantor Fitzgerald reiterated an Overweight rating with a $160 price target, while Oppenheimer affirmed an Outperform rating with a $165 target.
In corporate governance news, Workday stockholders approved all company proposals at the recent annual meeting. This approval included the election of four directors to serve until the 2029 annual meeting.
Legal developments present ongoing challenges for the company. A federal judge ruled that Workday must face claims alleging its AI-powered human resources software violated California law and federal disability discrimination rules. The judge rejected Workday's argument regarding the applicability of California's anti-discrimination laws to applicants outside the state.
The stock currently trades at $139.79, down $5.08 or 3.50% from the previous close. After-hours trading shows the stock at $140.00, up $0.19 or 0.14%. Investors can access comprehensive analysis through the Pro Research Report, available for WDAY and 1,400+ other US equities.