Autodesk CFO Unloads $491,139 in Stock (ADSK)

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Autodesk (NASDAQ:ADSK) CFO Mark J. Hawkins unloaded 8,816 shares of Autodesk stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $55.71, for a total value of $491,139.36. Following the completion of the sale, the chief financial officer now directly owns 53,738 shares in the company, valued at approximately $2,993,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Autodesk (NASDAQ:ADSK) traded down 0.07% on Monday, hitting $56.36. 132,460 shares of the company’s stock traded hands. Autodesk has a 1-year low of $33.22 and a 1-year high of $58.68. The stock’s 50-day moving average is $52.98 and its 200-day moving average is $50.89. The company has a market cap of $12.843 billion and a price-to-earnings ratio of 64.16. Autodesk also was the recipient of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 3,599,030 shares, an increase of 33.2% from the May 30th total of 2,701,548 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 1,620,865 shares, the days-to-cover ratio is currently 2.2 days.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Autodesk will post $1.18 earnings per share for the current fiscal year.

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 research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.31.

Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.

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