Workday director David Duffield sells $18.6M in stock

Workday's president and 10% shareholder, David Duffield, divested $18.6 million worth of Class A shares on September 15, 2026. The sale comprised 96,545 shares, with prices fluctuating between $190.15 and $195.1499 per share. Executed through multiple transactions, the trades adhered to a pre-approved Rule 10b5-1 plan. The shares belong to the David A. Duffield Trust, with Duffield serving as trustee and sole beneficiary.

Concurrently, Duffield acquired 96,545 Class A shares by converting an equivalent number of Class B shares. Post-transaction, his trust holds 105,049 Class A shares and 36,070,933 Class B shares. Despite the insider sale, Workday's stock closed at $191.16, marking a 61% increase over the past six months. Experts believe the company remains undervalued, with a PEG ratio of 0.29 signifying promising growth.

Workday has attracted 300 Flex Credit agreements and serves 5,500 customers via organic agents. The firm reported $600 million in annual recurring revenue stemming from agentic AI. KeyBanc reduced its stock rating to Sector Weight, while BTIG and D.A. Davidson retained a Neutral stance. Stifel raised its price target to $175, and BMO Capital set a $230 target, citing enhanced product innovation.