Autodesk, Inc. (ADSK) Director Sells $159,435.00 in Stock
Autodesk, Inc. (NASDAQ:ADSK) Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Autodesk, Inc. (NASDAQ ADSK) traded down $2.45 during trading hours on Friday, hitting $107.16. The stock had a trading volume of 3,124,160 shares, compared to its average volume of 2,136,450. Autodesk, Inc. has a 1-year low of $73.60 and a 1-year high of $131.10. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same period last year, the company earned ($0.18) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts expect that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.
A number of equities analysts recently commented on ADSK shares. BidaskClub lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $138.00 price target (up from $137.00) on shares of Autodesk in a research note on Friday, August 11th. Robert W. Baird increased their price target on Autodesk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Barclays increased their price target on Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, Cowen reissued a “buy” rating and set a $115.00 price target on shares of Autodesk in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $130.10.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/08/autodesk-inc-adsk-director-sells-159435-00-in-stock.html.
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).
Receive News & Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.