Insider Selling: Autodesk Director Sells 9,000 Shares of Stock (ADSK)
Autodesk (NASDAQ:ADSK) Director Crawford W. Beveridge unloaded 9,000 shares of Autodesk stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $53.99, for a total value of $485,910.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Autodesk (NASDAQ:ADSK) traded up 0.09% during mid-day trading on Tuesday, hitting $54.63. 1,942,531 shares of the company’s stock traded hands. Autodesk has a 52 week low of $33.01 and a 52 week high of $58.68. The stock has a 50-day moving average of $50.99 and a 200-day moving average of $50.36. The company has a market cap of $12.448 billion and a price-to-earnings ratio of 62.09.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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.
ADSK has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Autodesk from $60.00 to $65.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at TheStreet downgraded shares of Autodesk to a “hold” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.31.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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