Carl Bass Sells 13,377 Shares of Autodesk, Inc. (ADSK) Stock
Autodesk, Inc. (NASDAQ:ADSK) Director Carl Bass sold 13,377 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $99.95, for a total value of $1,337,031.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Carl Bass also recently made the following trade(s):
- On Thursday, July 6th, Carl Bass sold 26,753 shares of Autodesk stock. The stock was sold at an average price of $100.88, for a total value of $2,698,842.64.
- On Friday, June 30th, Carl Bass sold 42,297 shares of Autodesk stock. The stock was sold at an average price of $101.72, for a total value of $4,302,450.84.
- On Thursday, June 29th, Carl Bass sold 27,201 shares of Autodesk stock. The stock was sold at an average price of $101.73, for a total value of $2,767,157.73.
Autodesk, Inc. (NASDAQ:ADSK) traded up 1.24% on Friday, reaching $103.32. The company’s stock had a trading volume of 1,695,293 shares. The company’s market capitalization is $22.77 billion. Autodesk, Inc. has a 1-year low of $51.89 and a 1-year high of $114.68. The firm’s 50 day moving average price is $106.57 and its 200-day moving average price is $89.78.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The firm had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same period in the previous year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts forecast that Autodesk, Inc. will post ($0.58) earnings per share for the current year.
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A number of research firms have issued reports on ADSK. Guggenheim began coverage on Autodesk in a report on Wednesday, April 12th. They issued a “neutral” rating for the company. Canaccord Genuity reissued a “buy” rating and issued a $120.00 target price on shares of Autodesk in a research note on Wednesday, June 21st. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Evercore ISI reissued a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus price target of $103.94.
Hedge funds and other institutional investors have recently made changes to their positions in the company. NBT Bank N A NY purchased a new stake in Autodesk during the first quarter valued at $210,000. Venturi Wealth Management LLC purchased a new stake in Autodesk during the first quarter valued at $211,000. Joel Isaacson & Co. LLC purchased a new stake in Autodesk during the first quarter valued at $216,000. Segall Bryant & Hamill LLC purchased a new stake in Autodesk during the first quarter valued at $225,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Autodesk during the first quarter valued at $230,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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