Insider Selling: Autodesk, Inc. (NASDAQ:ADSK) EVP Sells 2,544 Shares of Stock

Autodesk, Inc. (NASDAQ:ADSK - Get Free Report) EVP Rebecca Pearce sold 2,544 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $305.00, for a total value of $775,920.00. Following the completion of the sale, the executive vice president now owns 25,801 shares in the company, valued at approximately $7,869,305. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rebecca Pearce also recently made the following trade(s):

• On Tuesday, June 17th, Rebecca Pearce sold 486 shares of Autodesk stock. The stock was sold at an average price of $300.00, for a total value of $145,800.00.

Autodesk Trading Up 1.1%

ADSK traded up $3.24 during trading on Tuesday, hitting $304.19. The company's stock had a trading volume of 1,464,601 shares, compared to its average volume of 1,491,120. The firm's 50 day moving average price is $287.12 and its 200-day moving average price is $285.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $65.10 billion, a PE ratio of 49.74, a PEG ratio of 2.90 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $223.03 and a twelve month high of $326.62.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Autodesk by 14.5% during the 4th quarter. Brighton Jones LLC now owns 1,162 shares of the software company's stock valued at $343,000 after buying an additional 147 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Autodesk by 4.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,919 shares of the software company's stock valued at $1,454,000 after buying an additional 226 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Autodesk by 4.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,705 shares of the software company's stock valued at $800,000 after buying an additional 127 shares during the period. TCW Group Inc. grew its stake in shares of Autodesk by 0.3% during the 4th quarter. TCW Group Inc. now owns 24,978 shares of the software company's stock valued at $7,383,000 after buying an additional 76 shares during the period. Finally, Howard Capital Management Inc. grew its stake in shares of Autodesk by 3.3% during the 4th quarter. Howard Capital Management Inc. now owns 5,961 shares of the software company's stock valued at $1,762,000 after buying an additional 193 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADSK shares. Rosenblatt Securities reissued a "buy" rating and set a $340.00 price target on shares of Autodesk in a report on Tuesday, May 20th. Mizuho lowered their price target on Autodesk from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group raised their price target on Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Citigroup lifted their price objective on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Robert W. Baird lifted their price objective on Autodesk from $303.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $337.45.

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.

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