Insider Selling: Steven Blum Unloads 45,000 Shares of Autodesk Stock (ADSK)
Autodesk (NASDAQ:ADSK) VP Steven Blum unloaded 45,000 shares of Autodesk stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $50.00, for a total value of $2,250,000.00. Following the completion of the sale, the vice president now directly owns 90,517 shares of the company’s stock, valued at approximately $4,525,850. The transaction was disclosed in a filing with the SEC, which is available at this link.
ADSK has been the subject of a number of recent research reports. Analysts at Jefferies Group set a $56.00 price target on shares of Autodesk in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research note to investors on Monday, November 25th. Finally, analysts at Robert W. Baird raised their price target on shares of Autodesk from $45.00 to $50.00 in a research note to investors on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.64.
Autodesk (NASDAQ:ADSK) traded down 2.12% on Thursday, hitting $49.25. 2,488,043 shares of the company’s stock traded hands. Autodesk has a one year low of $33.01 and a one year high of $50.50. The stock’s 50-day moving average is $46.31 and its 200-day moving average is $39.95. The company has a market cap of $11.111 billion and a price-to-earnings ratio of 46.12.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $547.50 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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