David A. Duffield, a ten percent owner of Workday, Inc. (NASDAQ:WDAY), executed a significant divestment of 107,500 Class A Common Stock shares on June 30, 2026. The total value of these transactions reached approximately $13,119,166. The shares were offloaded at prices spanning from $119.47 to $123.4899 per share. This sale was facilitated through a Rule 10b5-1 trading plan, which the David A. Duffield Trust had established on December 2, 2025. The insider transaction occurs while WDAY shares have experienced a 43% decline over the last six months. Despite this drop, InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value, positioning it among opportunities on the most undervalued stocks list.
The execution of the sale involved multiple transactions at different price levels. Specifically, 6,100 shares were sold at prices between $119.47 and $120.4699. Additionally, 16,870 shares were sold at prices between $120.49 and $121.4899. Furthermore, 53,176 shares were sold at prices between $121.49 and $122.4899. Finally, 31,354 shares were sold at prices between $122.49 and $123.4899. Prior to these sales, Duffield had acquired 107,500 shares of Class A Common Stock at a price of $0.0. This acquisition resulted from the conversion of an equal number of Class B Common Stock shares. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. Class B shares also convert automatically into Class A shares under certain conditions, including specific transfer events or by October 11, 2032. Neither Class A nor Class B shares have an expiration date.
All reported shares are held by the David A. Duffield Trust dated July 14, 1988, for which Mr. Duffield serves as trustee and sole beneficiary. Following these transactions, David A. Duffield directly holds 105,049 shares of Workday Class A Common Stock and 36,668,834 shares of Class B Common Stock. For deeper analysis of Workday’s financial health and additional insights, investors can access the comprehensive Pro Research Report, one of 1,400+ available on InvestingPro.
In other recent news, Workday has been in the spotlight with several key developments. Stockholders have approved all company proposals at the annual meeting, including the election of four Class II directors, who will serve until the 2029 annual meeting. Meanwhile, Workday is facing legal challenges as a federal judge ruled that the company must address claims regarding its AI-powered human resources software, which allegedly screened out job applicants in violation of California law and federal disability discrimination rules.
On the analyst front, Monness, Crespi, Hardt upgraded Workday shares to a Buy rating, citing valuation, and set a price target of $150. Cantor Fitzgerald reiterated an Overweight rating with a price target of $160, while Oppenheimer maintained an Outperform rating with a $165 price target following a product meeting. These developments have captured the attention of investors and analysts alike, with a focus on the company’s performance and future prospects.