Autodesk Inc. (NASDAQ: ADSK) is 6.25% higher on its value in year-to-date trading and has touched a low of $188.38 and a high of $279.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADSK stock was last observed hovering at around $262.78 in the last trading session, with the day’s loss setting it -4.08%.
Currently trading at $258.70, the stock is 0.69% and 2.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -1.55% at the moment leaves the stock 16.80% off its SMA200. ADSK registered 30.74% gain for a year compared to 6-month gain of 22.14%. The firm has a 50-day simple moving average (SMA 50) of $10.14 and a 200-day simple moving average (SMA200) of $43.97.
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The stock witnessed a -1.27% loss in the last 1 month and extending the period to 3 months gives it a 14.42%, and is 3.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.25% over the week and 2.22% over the month.
Autodesk Inc. (ADSK) has around 13700 employees, a market worth around $55.34B and $5.45B in sales. Current P/E ratio is 61.54 and Fwd P/E is 28.39. Profit margin for the company is 16.64%. Distance from 52-week low is 37.33% and -7.45% from its 52-week high. The company has generated returns on investments over the last 12 months (20.53%).
Autodesk Inc. quarterly earnings per share for the current quarter are estimated at $1.75 with sales reaching $1.39B over the same period.The EPS is expected to grow by 6.15% this year, but quarterly earnings will post 9.80% year-over-year.
1,680 institutions hold shares in Autodesk Inc. (ADSK), with institutional investors hold 95.63% of the company’s shares. The shares outstanding are 215.00M, and float is at 213.27M with Short Float at 1.08%. Institutions hold 95.46% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.66 million shares valued at $3.82 billion. The investor’s holdings represent 8.73% of the ADSK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.09 million shares valued at $3.7 billion to account for 8.46% of the shares outstanding. The other top investors are State Street Corporation which holds 8.75 million shares representing 4.10% and valued at over $1.79 billion, while Loomis Sayles & Company, LP holds 3.04% of the shares totaling 6.49 million with a market value of $1.33 billion.
Autodesk Inc. (ADSK) Insider Activity
The most recent transaction is an insider sale by Pearce Rebecca, the company’s EVP, Chief People Officer. SEC filings show that Pearce Rebecca sold 1,628 shares of the company’s common stock on Mar 07 ’24 at a price of $251.54 per share for a total of $0.41 million. Following the sale, the insider now owns 13620.0 shares.
Autodesk Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that MCDOWELL MARY T (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $275.00 per share for $1.38 million. Following the transaction, the insider now directly holds 33766.0 shares of the ADSK stock.
Still, SEC filings show that on Feb 15 ’24, MCDOWELL MARY T (Director) disposed off 550 shares at an average price of $264.74 for $0.15 million. The insider now directly holds 38,766 shares of Autodesk Inc. (ADSK).
