Director Mary Mcdowell Sells 550 Shares of Autodesk Inc
On January 16, 2024, Autodesk Inc (NASDAQ:ADSK) Director Mary Mcdowell sold 550 shares of the company's stock, according to a recent SEC filing. The transaction was executed at an average price of $240.28 per share, resulting in a total value of $132,154.00.
Autodesk Inc is a leader in 3D design, engineering, and entertainment software. The company offers a broad range of products for industries such as architecture, engineering, construction, manufacturing, media, and entertainment. Autodesk's software services are designed to help customers visualize, simulate, and analyze real-world performance early in the design process to save time and money.
Over the past year, the insider has sold a total of 5,756 shares of Autodesk Inc and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 30 insider sells.
Shares of Autodesk Inc were trading at $240.28 on the day of the insider's transaction, giving the company a market capitalization of $51,012.388 billion. The price-earnings ratio of the stock stands at 56.11, which is above the industry median of 26.78 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.95, with a GF Value of $252.98, indicating that Autodesk Inc is considered Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sale could be of interest to investors tracking insider behavior as an indicator of company performance and valuation. However, it is important to consider the broader context of the company's financial health, market position, and future growth prospects when evaluating the significance of insider transactions.
Investors and analysts often monitor insider transactions as they can provide insights into how the company's executives and directors view the stock's value and prospects. While insider selling does not necessarily indicate a lack of confidence in the company, it does contribute to the overall picture of insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
