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Workday Inc (NYSE:WDAY): Hedge Funds Are Bullish and Insiders Are Bearish, What Should You Do?

Workday Inc (NYSE:WDAY) was in 20 hedge funds’ portfolio at the end of the fourth quarter of 2012. WDAY has seen an increase in activity from the world’s largest hedge funds recently. There were 0 hedge funds in our database with WDAY positions at the end of the previous quarter.

At the moment, there are many indicators market participants can use to watch the equity markets. A duo of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the S&P 500 by a healthy margin (see just how much).

Workday Inc (NYSE:WDAY)Just as important, positive insider trading sentiment is another way to parse down the stock market universe. As the old adage goes: there are a variety of motivations for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the useful potential of this tactic if shareholders know what to do (learn more here).

With all of this in mind, it’s important to take a glance at the key action regarding Workday Inc (NYSE:WDAY).

What does the smart money think about Workday Inc (NYSE:WDAY)?


Of the funds we track, John Griffin’s Blue Ridge Capital had the most valuable position in Workday Inc (NYSE:WDAY), worth close to $98 million, accounting for 1.4% of its total 13F portfolio. The second largest stake is held by Lone Pine Capital, managed by Stephen Mandel, which held a $53 million position; 1.4% of its 13F portfolio is allocated to the stock. Some other peers that are bullish include John Hurley’s Cavalry Asset Management, Chase Coleman and Feroz Dewan’s Tiger Global Management LLC and Ryan Frick and Oliver Evans’s Dorsal Capital Management.

As industrywide interest jumped, key money managers have been driving this bullishness. Blue Ridge Capital, managed by John Griffin, created the most valuable position in Workday Inc (NYSE:WDAY). Blue Ridge Capital had 98 million invested in the company at the end of the quarter. Stephen Mandel’s Lone Pine Capital also initiated a $53 million position during the quarter. The other funds with new positions in the stock are John Hurley’s Cavalry Asset Management, Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, and Ryan Frick and Oliver Evans’s Dorsal Capital Management.

What have insiders been doing with Workday Inc (NYSE:WDAY)?

Insider buying is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time period, Workday Inc (NYSE:WDAY) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s research, retail investors must always pay attention to hedge fund and insider trading activity, and Workday Inc (NYSE:WDAY) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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