Autodesk Inc. (NASDAQ: ADSK) is 0.99% 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 $244.74 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $245.89, the stock is -4.24% and -4.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.47% at the moment leaves the stock 8.89% off its SMA200. ADSK registered 24.47% gain for a year compared to 6-month gain of 20.56%. The firm has a 50-day simple moving average (SMA 50) of $9.64 and a 200-day simple moving average (SMA200) of $41.82.
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The stock witnessed a -3.13% loss in the last 1 month and extending the period to 3 months gives it a 7.13%, and is -5.22% down 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 2.19% over the week and 1.98% over the month.
Autodesk Inc. (ADSK) has around 13700 employees, a market worth around $52.60B and $5.45B in sales. Current P/E ratio is 58.49 and Fwd P/E is 26.98. Profit margin for the company is 16.64%. Distance from 52-week low is 30.53% and -12.03% 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 $1.74 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.
Autodesk Inc. (ADSK) Top Institutional Holders
1,675 institutions hold shares in Autodesk Inc. (ADSK), with institutional investors hold 95.46% of the company’s shares. The shares outstanding are 215.00M, and float is at 213.32M with Short Float at 1.06%. Institutions hold 95.28% 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 Hope Stephen W.,the company’sSVP & Chief Accounting Officer. SEC filings show that Hope Stephen W. sold 75 shares of the company’s common stock on Apr 02 ’24 at a price of $249.69 per share for a total of $18727.0. Following the sale, the insider now owns 3450.0 shares.
Autodesk Inc. disclosed in a document filed with the SEC on Mar 27 ’24 that Anagnost Andrew (President and CEO) sold a total of 21,053 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $259.99 per share for $5.47 million. Following the transaction, the insider now directly holds 0.11 million shares of the ADSK stock.
Still, SEC filings show that on Mar 27 ’24, Clifford Deborah (EVP, Chief Financial Officer) disposed off 5,553 shares at an average price of $260.01 for $1.44 million. The insider now directly holds 32,259 shares of Autodesk Inc. (ADSK).
