Insider Buying: Autodesk (NASDAQ:ADSK) EVP Acquires $494,175.00 in Stock

Autodesk, Inc. (NASDAQ:ADSK) EVP Janesh Moorjani purchased 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president directly owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. This represents a 5.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Autodesk Stock Down 4.1%

Shares of Autodesk stock opened at $193.07 on Thursday. Autodesk, Inc. has a 1 year low of $192.30 and a 1 year high of $329.09. The business has a 50-day moving average of $233.14 and a two-hundred day moving average of $253.13. The company has a market capitalization of $40.74 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.83 and a quick ratio of 0.83.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Autodesk had a return on equity of 57.14% and a net margin of 19.49%.Autodesk’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 9.64 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Torren Management LLC acquired a new position in Autodesk during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Autodesk during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the fourth quarter valued at approximately $25,000. Archer Investment Corp boosted its position in Autodesk by 112.2% during the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the fourth quarter valued at approximately $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research reports. Barclays decreased their price objective on Autodesk from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Robert W. Baird decreased their price objective on Autodesk from $355.00 to $312.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Argus upgraded Autodesk to a “strong-buy” rating in a report on Friday, March 6th. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a report on Monday, June 1st. Finally, Rothschild & Co Redburn decreased their price objective on Autodesk from $375.00 to $360.00 and set a “buy” rating for the company in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.21.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.