Autodesk VP Steven M. Blum Unloads 15,000 Shares (ADSK)
Autodesk (NASDAQ:ADSK) VP Steven M. Blum sold 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $55.67, for a total transaction of $835,050.00. Following the completion of the sale, the vice president now directly owns 86,174 shares of the company’s stock, valued at approximately $4,797,307. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ADSK shares. 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 assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.31.
Autodesk (NASDAQ:ADSK) traded up 1.13% on Thursday, hitting $56.25. The stock had a trading volume of 1,069,215 shares. Autodesk has a 52 week low of $33.22 and a 52 week high of $58.68. The stock has a 50-day moving average of $52.71 and a 200-day moving average of $50.82. The company has a market cap of $12.817 billion and a price-to-earnings ratio of 63.28. Autodesk also was the recipient of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 3,599,030 shares, a growth of 33.2% from the May 30th total of 2,701,548 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 1,620,865 shares, the days-to-cover ratio is presently 2.2 days.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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.