Michael Stankey Insider Sell
Workday Inc’s Vice Chairman, Michael Stankey, made a sale of 94,000 shares of stock in the public company. The avg share cost was $72.4, for total sale sum of $6,801,254 USD. It seems he is very active lately as in the last 30 days, he sold additional 94,000 shares of the company, worth $6,643,073 USD. Michael Stankey now indirectly owns 0 shares. He also directly owns 291311 shares. In total he holds a stake of 0.16%. Michael executed this sale on 28/09/2015. The filing is available for a free review here at the Washington-based SEC website.
Workday Inc Sentiment and Fundamentals
It is difficult to make conclusions about Workday Inc’s future just from Michael Stankey’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Michael exercised options for 94,000 shares with average price 0.6500, worth 61,100. According to thirty six leading security analysts that are covering this firm’s future, there is an expectation of earnings for each share of $-0.08 for the 2015 year, which gives Workday Inc a PE ratio of NaN. It’s forecasted that the earnings for each share growth rate Year-Over-Year will be lower than 50.00%.
Within the last 200 days, the stock price of Workday Inc has decreased about 14.43% and is in a strong and smooth downtrend. We rate Workday Inc’s stock as sell not just because of the insider transaction by Michael but also in accordance with OctaFinance’s back-tested equities time-momentum model as shown below.
The consensus amongst the best professional speculators has always been that a mix of both fundamental as well as technical analysis allows for the best risk-adjusted returns, epitomized by Steven Cohen.
Institutional Ownership
Information from Q2 2015 13F SEC filings, disclose 286 institutional investors hold Workday Inc. In the last quarter, this company had 56.27% institutional ownership. That is a very high interest. They increased by 6.75 million the total shares they hold. As of that quarter these institutional and hedge funds owned 108.04 million shares. There were 44 funds that created new positions and 112 funds that added to their positions. A total of 31 funds closed their positions in Workday Inc and 90 reduced their holdings.
There are six institutional advisors having this company in their Top 10. They are: Scge Management L.P., Avalon Global Asset Management Llc, Allen Operations Llc, Criterion Capital Management Llc, Glynn Capital Management Llc, Allen Holding Inc Ny.
>S&Co Inc30/2015. Therefore, the revenue was 31.74 million up.
* Includes 290 - 317 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock per unit upon settlement - of which i) 104 - 349 RSUs will vest in eight (8) quarterly installments beginning November 15 - 2015 - ii) 92 - 984 of the RSUs will vest in eight (8) quarterly installments beginning July 15 - 2016 - iii) 92 - 984 of the RSUs will vest as follows: 25% of the total number of units will vest on 04/15/2016 and 6.25% of the total number of units will vest as the Reporting Person completes each 3-month period of continuous service thereafter - in each case subject to the Reporting Person’s continued employment with Workday on the applicable vesting date.
* The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 9 - 2015.
* This stock option grant became fully vested as of 10/1/2014 and is exercisable in full or in part at any time.
* This stock option grant is under the Issuer’s 2005 Stock Option Plan and vests as follows: 20% of the total number of shares vested on January 1 - 2012 when the Reporting Person completed 12 months of continuous service - and 5% of the total number of shares vests as the Reporting Person completes each 3-month period of continuous service thereafter. This option grant will be exercisable in full or in part at any time - but the unvested portion is subject to the Issuer’s right to repurchase the shares at the original exercise price in the event of termination of the Reporting Person’s service for any reason.
* This stock option grant is under the Issuer’s 2005 Stock Option Plan and vests as follows: 20% of the total number of shares vested on January 1 - 2014 when the Reporting Person completed 12 months of continuous service - and 5% of the total number of shares vests as the Reporting Person completes each 3-month period of continuous service thereafter. This option grant will be exercisable in full or in part at any time - but the unvested portion is subject to the Issuer’s right to repurchase the shares at the original exercise price in the event of termination of the Reporting Person’s service for any reason.
