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    Home » Intuit EVP and CFO Sandeep Aujla sells $68,506 in stock By Investing.com
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    Intuit EVP and CFO Sandeep Aujla sells $68,506 in stock By Investing.com

    userBy userJanuary 6, 2025No Comments2 Mins Read
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    In a recent transaction, Sandeep Aujla, Executive Vice President and Chief Financial Officer of Intuit Inc. (NASDAQ:), sold shares of the company’s common stock. According to the SEC filing dated January 6, 2025, Aujla sold 109 shares at a price of $628.50 per share on January 3, 2025. The total value of the transaction amounted to $68,506.

    Following this sale, Aujla holds approximately 1,943.75 shares directly. This transaction was conducted under a Rule 10b5-1 trading plan, which Aujla had adopted on January 3, 2024. For deeper insights into Intuit’s valuation metrics and comprehensive analysis, InvestingPro subscribers can access the full Pro Research Report, which is part of their coverage of over 1,400 US stocks.

    In other recent news, Intuit, the financial software company, posted first-quarter revenues of $3.28 billion, outpacing expectations by approximately $144 million. Its earnings per share (EPS) stood at $2.50, $0.14 higher than projected. This performance was significantly propelled by a 20% growth in its Global Business Services (GBS) Online Ecosystem and a 29% surge in Credit Karma, a part of Intuit’s portfolio.

    Mizuho (NYSE:), in its analysis, reiterated an Outperform rating on Intuit and raised the price target to $750 from the former $725, citing a strategic shift in revenue from the second to the third quarter. Meanwhile, Piper Sandler slightly adjusted the price target for Intuit to $765 from the previous $768, maintaining an Overweight rating on the stock.

    Among the recent developments, Intuit has been focusing on simplifying financial tasks to attract new users. CEO Sasan Gadarzi and CFO Sandeep Ojala emphasized the transformative impact of AI and the company’s progress in serving mid-market and small business customers. However, a decrease in desktop revenue was also observed during this period.

    Despite the strong results, Intuit’s decision to maintain its full-year guidance without adjustments and potential challenges to its TurboTax product from the new administration’s initiative to simplify tax filings have been noted. Piper Sandler’s analysis indicates potential external risks but reaffirms an Overweight rating for Intuit’s stock, reflecting the company’s promising start to the fiscal year 2025.

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





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