Added to my $WDAY position AH ~$118.50.
$WDAY is a critical system of record for large enterprises that is poised to benefit from AI. It is rolling out labor saving AI agents (which, for example, handle tedious payroll compliance) that sit on top of its data store, as well as a consumption-based business model that will benefit from demand from third party AI agents.
It is great to see the founder back in as CEO, and I would expect product innovation to accelerate in this dynamic environment. He modestly reset guidance with a focus on beating numbers and accelerating growth.
Investors are being shortsighted. I think there’s a good chance $WDAY reverses tomorrow like $TOST and $HUBS did after earnings, and my bet is that the stock is likely going to be nicely higher a year or two from now. Knock on wood!