Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) COO Sells $3,942,303.20 in Stock

Autodesk, Inc. (NASDAQ:ADSKGet Free Report) COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $244.12 on Thursday. The company has a fifty day moving average price of $218.65 and a 200 day moving average price of $238.12. The firm has a market cap of $52.61 billion, a PE ratio of 52.84, a PEG ratio of 3.22 and a beta of 1.43. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Autodesk’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Institutional Trading of Autodesk

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSK. Ables Iannone Moore & Associates Inc. bought a new position in Autodesk in the fourth quarter valued at $25,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the 1st quarter worth about $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the 1st quarter valued at about $26,000. Finally, Bfsg LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Mizuho lowered their price objective on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, June 4th. Piper Sandler restated a “neutral” rating and issued a $239.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. The Goldman Sachs Group raised their price objective on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of Autodesk in a research report on Tuesday. Finally, Oppenheimer restated an “outperform” rating and issued a $275.00 price target on shares of Autodesk in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Check Out Our Latest Report on Autodesk

About Autodesk

(Get Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

Further Reading

Insider Buying and Selling by Quarter for Autodesk (NASDAQ:ADSK)

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