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

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Autodesk (NASDAQ:ADSK) CFO Mark J. Hawkins sold 8,816 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $55.71, for a total value of $491,139.36. Following the sale, the chief financial officer now directly owns 53,738 shares in the company, valued at approximately $2,993,744. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Autodesk (NASDAQ:ADSK) traded up 0.27% on Friday, hitting $56.40. The stock had a trading volume of 1,131,708 shares. Autodesk has a 52-week low of $33.22 and a 52-week high of $58.68. The stock’s 50-day moving average is $52.71 and its 200-day moving average is $50.82. The company has a market cap of $12.852 billion and a P/E ratio of 63.99. Autodesk also saw a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 3,599,030 shares, a growth of 33.2% from the May 30th total of 2,701,548 shares. Based on an average daily trading volume, of 1,620,865 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% of the company’s stock are short sold.

Autodesk (NASDAQ:ADSK) last released its earnings data 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.

ADSK has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Autodesk has a consensus 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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