Insider Selling: Kris Halvorsen Sells 10,000 Shares of Autodesk Stock (ADSK)
Autodesk (NASDAQ:ADSK) Director Kris Halvorsen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $52.88, for a total value of $528,800.00. Following the completion of the sale, the director now directly owns 22,562 shares in the company, valued at approximately $1,193,079. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ADSK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Autodesk to a “hold” rating in a research note on Monday, May 19th. Finally, analysts at Wedbush raised their price target on shares of Autodesk from $62.00 to $64.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Autodesk currently has a consensus rating of “Hold” and a consensus price target of $56.92.
Autodesk (NASDAQ:ADSK) traded down 0.23% on Wednesday, hitting $53.03. The stock had a trading volume of 1,242,592 shares. Autodesk has a 1-year low of $33.01 and a 1-year high of $58.68. The stock’s 50-day moving average is $49.38 and its 200-day moving average is $49.70. The company has a market cap of $12.064 billion and a P/E ratio of 60.47.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. Analysts expect that Autodesk will post $1.18 EPS for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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