Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) COO Sells 19,693 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK) COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Autodesk Stock Performance

Shares of Autodesk stock traded up $1.72 during trading on Thursday, hitting $248.77. 1,267,841 shares of the stock were exchanged, compared to its average volume of 1,757,146. The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48. The company has a fifty day moving average price of $226.10 and a 200-day moving average price of $239.48. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. Autodesk’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADSK shares. Barclays reduced their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a research report on Wednesday, May 1st. Robert W. Baird reduced their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. StockNews.com cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Hold” and an average target price of $262.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. acquired a new position in Autodesk in the 4th quarter valued at about $25,000. Concord Wealth Partners bought a new stake in Autodesk in the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new stake in Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC bought a new stake in Autodesk in the 1st quarter valued at about $26,000. Finally, Olistico Wealth LLC bought a new stake in Autodesk in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.