Insider Selling: Autodesk CEO Unloads 670,787 Shares of Stock (ADSK)
Autodesk (NASDAQ:ADSK) CEO Carl Bass sold 670,787 shares of the company’s stock on the open market in a transaction dated Friday, January 3rd. The stock was sold at an average price of $49.22, for a total value of $33,016,136.14. Following the transaction, the chief executive officer now directly owns 372,808 shares in the company, valued at approximately $18,349,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.64.
Autodesk (NASDAQ:ADSK) traded down 0.71% on Friday, hitting $48.90. 1,934,150 shares of the company’s stock traded hands. Autodesk has a 52 week low of $33.01 and a 52 week high of $50.50. The stock has a 50-day moving average of $46.7 and a 200-day moving average of $40.. The company has a market cap of $11.032 billion and a P/E ratio of 45.14.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. Autodesk’s revenue was up 1.3% compared to the same quarter last year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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