Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Autodesk executive buys and sells shares in quick succession By Investing.com
    News

    Autodesk executive buys and sells shares in quick succession By Investing.com

    userBy userOctober 1, 2024No Comments4 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    In a recent transaction, Stephen W. Hope, the Senior Vice President & Chief Accounting Officer of Autodesk, Inc. (NASDAQ:), engaged in both purchasing and selling of the company’s stock. According to the latest filings, Hope acquired 54 shares of Autodesk at a price of $163.59, totaling approximately $8,833. Shortly thereafter, he sold an equivalent number of shares at a higher price of $274.61, amounting to roughly $14,828.

    The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. This plan had been adopted by Hope on July 1, 2024.

    Following these transactions, Hope’s holdings in Autodesk include 4,879 shares, which also encompass unvested Restricted Stock Units. The filings also noted that some of the shares owned by Hope were acquired through the company’s Employee Stock Purchase Plan in September 2024.

    Investors often monitor insider buying and selling as it can provide insights into executives’ confidence in the company’s future performance. The transactions by Hope are part of the routine disclosures that company insiders are required to make when trading their own firm’s stock.

    In other recent news, Autodesk reported a 2% increase in revenue and earnings per share of $2.15 in its second-quarter results, along with a free cash flow of $203 million. These positive results come alongside the company’s successful transition to an agency model and the implementation of a direct customer billing transaction model in North America. This strategic shift has led to an 11% increase in Autodesk’s full-year 2025 revenue growth guidance. Furthermore, Autodesk is on track to achieve its fiscal year 2026 operating margin targets of 38-40% ahead of schedule in fiscal year 2025.

    In the realm of analyst ratings, BMO Capital maintained a Market Perform rating on Autodesk, while DA Davidson initiated coverage with a neutral rating. Baird reaffirmed its Outperform rating and KeyBanc Capital Markets sustained an Overweight rating. HSBC upgraded Autodesk from Hold to Buy, and Goldman Sachs shifted its stance from Sell to Neutral. These ratings reflect a cautious yet supportive view of Autodesk’s strategic direction and potential to navigate through a difficult economic landscape.

    These are some of the recent developments in Autodesk’s journey, highlighting the company’s strong market position and potential for further growth.

    InvestingPro Insights

    To provide additional context to Stephen W. Hope’s recent stock transactions, let’s examine some key financial metrics and insights from InvestingPro for Autodesk (NASDAQ:ADSK).

    Autodesk’s market capitalization stands at $57.57 billion, reflecting its significant presence in the software industry. The company’s revenue for the last twelve months as of Q2 2025 was $5.805 billion, with a notable revenue growth of 11.38% over the same period. This growth trajectory aligns with the company’s strong market position and could be a factor in executive confidence.

    One of the standout InvestingPro Tips for Autodesk is its impressive gross profit margins. The company boasts a gross profit margin of 91.92% for the last twelve months as of Q2 2025, indicating a highly efficient operation and strong pricing power in its market segments. This robust profitability metric could be a key driver behind the company’s attractive valuation multiples.

    Another relevant InvestingPro Tip highlights that Autodesk is trading near its 52-week high, with the current price at 95.64% of its peak. This performance, coupled with the fact that the stock has delivered a 27.98% total return over the past year, suggests strong investor confidence in the company’s prospects.

    It’s worth noting that InvestingPro offers 13 additional tips for Autodesk, providing a more comprehensive analysis for investors looking to delve deeper into the company’s financial health and market position.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFord’s Future: Expanding Mustang Lineup with Sedans and Off Road Variants to Diversify Beyond F-Series
    Next Article Lexus LX450 Oil Leak Solved by Specialist After Dealership’s Misdiagnosis Highlights Repair Challenges
    user
    • Website

    Related Posts

    S&P 500, Dow, Nasdaq edge higher as US and China reboot trade talks

    June 9, 2025

    The IAG share price is up 92% yet still looks dirt cheap! Time to consider buying!

    June 9, 2025

    JioBlackRock AMC launches website and early access initiative

    June 9, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d