Insider Selling: Autodesk SVP Unloads 60,000 Shares of Stock (ADSK)
Autodesk (NASDAQ:ADSK) SVP Jan Becker unloaded 60,000 shares of Autodesk stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $42.00, for a total transaction of $2,520,000.00. Following the transaction, the senior vice president now directly owns 81,148 shares in the company, valued at approximately $3,408,216. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
ADSK has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Autodesk (NASDAQ:ADSK) from $43.00 to $49.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Autodesk (NASDAQ:ADSK) from $37.00 to $40.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Autodesk (NASDAQ:ADSK) from $36.00 to $42.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.72.
Autodesk (NASDAQ:ADSK) traded up 0.81% during mid-day trading on Friday, hitting $42.49. The stock had a trading volume of 3,926,518 shares. Autodesk has a one year low of $30.20 and a one year high of $42.82. The stock has a 50-day moving average of $38.78 and a 200-day moving average of $37.44. The company has a market cap of $9.475 billion and a price-to-earnings ratio of 43.95.
Autodesk (NASDAQ:ADSK) last released its earnings data on Thursday, August 22nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $560.73 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Autodesk will post $1.63 earnings per share for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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