Insider Selling: Autodesk Director Sells 6,734 Shares of Stock (ADSK)
Autodesk (NASDAQ:ADSK) Director Lorrie Norrington sold 6,734 shares of Autodesk stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $48.94, for a total value of $329,561.96. Following the completion of the sale, the director now directly owns 17,200 shares of the company’s stock, valued at approximately $841,768. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ADSK shares. 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 investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $45.64.
Shares of Autodesk (NASDAQ:ADSK) traded down 0.71% during mid-day trading on Friday, hitting $48.90. 1,934,150 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 has a 50-day moving average of $46.56 and a 200-day moving average of $40.02. The company has a market cap of $11.032 billion and a price-to-earnings ratio of 45.14.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, November 21st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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