Business Day Chief Legal Officer Sells $926,231 worth of Investing.com Shares

PLEASANTON, CA—Richard Harry Sauer, Chief Legal Officer and Workday, Inc. (NASDAQ: ), a $66.35 billion market cap software company, recently completed a $926,231 series of stock sales. Transactions on January 7 included the sale of 3,677 shares of Class A common stock. Shares traded in a range of $251.4805 to $253.19, which was within the stock’s 52-week range of $199.81 to $311.28.

These sales were conducted pursuant to a previously disclosed Rule 10b5-1 marketing plan, which Saur filed in 2015. In the year On June 7, 2023, he approved. Following these transactions, Sauer will own 79,576 shares of Business Day Class A common stock, including 68,842 restricted stock units. As he says Invest ProWorkday maintains strong financial health with strong liquidity as current assets exceed short-term liabilities by more than 2x.

Additionally, on Jan. 5, Saur liquidated 2,542 shares to cover tax obligations related to the exercise of restricted stock units valued at $642,719. These shares are held by the issuer, Workday, Inc., for tax purposes. They are arrested. Visit for in-depth insights on Workday’s review and 12+ unique protips Invest ProYou’ll find a comprehensive analysis in our Pro Research report.

In other recent news, Workday has seen significant developments, including an upgrade from Guggenheim and an increase in resources shared by RBC Capital Markets. Guggenheim upgraded the company’s rating from sell to neutral, believing in the company’s quality despite changing growth dynamics. RBC Capital Markets raised its price target on Business Day, indicating confidence in the company’s prospects for earnings growth of 16.8%.

The company has a strong financial health score despite a 24.6 percent increase in weekday subscription revenue growth and a 16.7 percent increase in FY25. The company’s new management has initiated market expansion strategies targeting small to medium-sized businesses (SMBs). Analysts believe that if Workday meets its fourth-quarter guidance, new annualized contract value (ACV) subscription revenue growth could remain flat in FY26.

Workday’s latest developments also include a 16 percent increase in Q3 subscription revenue. However, the subscription growth forecast for fiscal year 2026 has been lowered slightly to 14 percent. Despite these changes, analyst firms TD Cowen and Oppenheimer maintain their positive ratings, while Goldman Sachs maintains a buy rating despite lowering its price target.

In addition, Workday is set to join the S&P 500 Index, a milestone that reflects the company’s strong market capitalization and liquidity. Piper Sandler analysts, following the 2025 CIO Survey, indicated a strong outlook for IT spending, which could benefit companies like Workday. Finally, Workday received a sustained Buy rating from TD Cowen and a price target of $290.00, indicating confidence in Workday’s long-term prospects despite current economic challenges.

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