Nordea Investment Management reduced its holdings in Workday by 43.4% in Q4, selling over 600,000 shares and holding about 0.30% of the company. Insiders also sold significant shares recently, with CFO and other executives decreasing their ownership by around 3.5%. Workday's latest earnings beat expectations with EPS of $2.47 and revenue growth of 14.5%, but several analysts have downgraded the stock and lowered price targets. The stock trades below its 50- and 200-day averages, reflecting cautious market sentiment despite solid financial results.
Workday received a Strong Buy rating with a target price of $145, reflecting a valuation of 13.5x FY2027 and 11.5x FY2028 earnings amid market pessimism. The company is benefiting from Agentic AI, which has boosted new contract value by over 200% yea...
Workday shares have dropped over 35% in the past year due to concerns that generative AI might replace its HR software platform. However, the company's Q1 2027 results showed a healthy 14.7% year-over-year growth in subscription revenue, indicating o...
