Insider Selling: J Hallam Dawson Unloads 11,056 Shares of Autodesk Stock (ADSK)
Autodesk (NASDAQ:ADSK) Director J Hallam Dawson sold 11,056 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $56.32, for a total transaction of $622,673.92. Following the transaction, the director now directly owns 64,664 shares of the company’s stock, valued at approximately $3,641,876. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Autodesk (NASDAQ:ADSK) traded up 4.27% during mid-day trading on Wednesday, hitting $56.96. The stock had a trading volume of 4,853,960 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 $51.15 and its 200-day moving average is $50.41. The company has a market cap of $12.979 billion and a P/E ratio of 62.15.
Autodesk (NASDAQ:ADSK) last released its earnings data 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 assigned a hold rating and seven have given a buy rating to the company’s stock. Autodesk presently has a consensus 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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