Workday CFO Zane Rowe sells $1.12 million in company stock

Workday, Inc. (NASDAQ:WDAY) Chief Financial Officer Zane Rowe sold 6,000 shares of the company’s Class A Common Stock on October 6, 2026, for a total value of approximately $1.12 million. The shares were sold at weighted average prices ranging between $184.99 and $189.2461. These transactions were executed as part of a Rule 10b5-1 trading plan, which Mr. Rowe adopted on March 7, 2025. The insider sale comes as the $45 billion software company trades at a PEG ratio of just 0.29, suggesting attractive valuation relative to growth. According to InvestingPro analysis, Workday appears undervalued based on its Fair Value assessment, with shares gaining 44.5% over the past six months.

In a related transaction on October 5, 2026, Mr. Rowe also disposed of 10,010 shares of Class A Common Stock. These shares, valued at approximately $1.86 million based on a price of $186.14 per share, were withheld by Workday to satisfy tax withholding obligations associated with the vesting of restricted stock units.

Following these reported transactions, Zane Rowe beneficially owns 269,642 shares of Workday Class A Common Stock. This total includes 191,478 restricted stock units and 5,968 performance stock units, each entitling Mr. Rowe to receive one share of Class A Common Stock upon settlement, subject to his continued service with the company on the applicable vesting dates.

In other recent news, Workday has been the focus of several analyst updates and company announcements. Freedom Broker downgraded Workday from Buy to Hold, raising its price target to $200, due to valuation concerns despite the company’s strong operational performance in the second quarter of fiscal 2027. Workday’s total revenue and subscription revenue slightly exceeded expectations, while its adjusted operating margin and earnings per share significantly surpassed forecasts, driven by strict cost management and AI-driven automation.

Cantor Fitzgerald reiterated an Overweight rating with a $205 price target following Workday’s announcement of a 2.5% workforce reduction, mainly affecting the product and technology team. Additionally, the company is reducing select leased office space locations. Needham maintained a Buy rating with a $230 price target, citing steady demand for Workday’s agentic innovations, particularly for its Extend product.

Citi reiterated a Neutral rating with a $201 price target ahead of Workday’s upcoming investor events, expecting the company to maintain its fiscal year 2028 outlook of 11% subscription revenue growth. These developments reflect a period of strategic adjustments and market evaluations for Workday.