Workday Chief Accounting Officer Garfield Mark S. Garfield sold 1,585 shares of Class A common stock on April 10, 2026, at $113.05 per share, for aggregate proceeds of $179,184. The companys shares later traded as high as $117.84, although they remain down about 50% over the previous six months.
Following the disposition, Garfield directly holds 31,467 shares, a total that includes 25,474 restricted stock units. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan that Garfield adopted on October 14, 2025.
Recent company performance and corporate actions
Workday reported Q4 FY2026 results that met revenue guidance and exceeded earnings expectations. Management attributed an improved operating margin in the quarter to a slower rate of hiring.
Despite the quarterly beat on earnings and in-line revenue, several equity research firms adjusted their outlooks for the company. DA Davidson lowered its price target to $125 from $250, citing guidance that it said missed revenue and profitability expectations. BMO Capital cut its target to $182 from $204, highlighting concerns about the companys growth in the context of evolving AI technologies. Freedom Capital also reduced its price target, to $210 from $280, while retaining a Buy rating.
On the commercial front, Fairview Health Services selected Workday to modernize human resources, finance, and supply chain systems, moving 34,000 employees onto Workdays platform. Separately, Workday granted equity awards to Aneel Bhusri, its co-founder who has been named CEO. Those awards are performance-based, vest over a four-year schedule, and are contingent on Bhusris continued service.
Contextual note
The insider sale was executed through a scheduled trading plan and does not, by itself, indicate a change in Garfields overall holdings, given the retained shares and RSUs reported. At the same time, the companys recent operational update and subsequent analyst target adjustments illustrate active re-evaluation of Workdays near-term revenue and profitability trajectory.