Monitoring Autodesk Inc. (ADSK) after recent insider movements

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Autodesk Inc.’s recent filing unveils that its VP & Chief Accounting Officer Hope Stephen W. unloaded Company’s shares for reported $10706.0 on Oct 03. In the deal valued at $187.83 per share,57 shares were sold. As a result of this transaction, Hope Stephen W. now holds 3,743 shares worth roughly $ 0.73 million.


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Then, Hope Stephen W. sold 443 shares, generating $88,728 in total proceeds. Upon selling the shares at $200.29, the VP & Chief Accounting Officer now owns 3,743 shares.

Before that, Anagnost Andrew sold 34,366 shares. Autodesk Inc. shares valued at $7,109,155 were divested by the President and CEO at a price of $206.87 per share. As a result of the transaction, Anagnost Andrew now holds 76,968 shares, worth roughly $15.0 million.

MoffettNathanson initiated its Autodesk Inc. [ADSK] rating to a Sell in a research note published on Monday, September 22, 2022; the price target was $206. PT values the company’s stock at a premium of 5.4 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid September from “an Overweight” to “a Neutral”. Wolfe Research began covering ADSK with “an Outperform” recommendation on August 17, 2022. Oppenheimer started covering the stock on July 27, 2022. It rated ADSK as “an Outperform”.

Price Performance Review of ADSK

On Monday, Autodesk Inc. [NASDAQ:ADSK] saw its stock jump 0.61% to $194.88. On the same session, the stock had its day’s lowest price of $192.67, but rose to a high of $196.85. Over the last five days, the stock has lost -9.06%. Autodesk Inc. shares have fallen nearly -30.69% since the year began. Nevertheless, the stocks have fallen -39.95% over the past one year. While a 52-week high of $335.48 was reached on 01/03/22, a 52-week low of $163.20 was recorded on 06/16/22. SMA at 50 days reached $199.75, while 200 days put it at $203.46. A total of 2.25 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For ADSK Stock

The 24-hour chart illustrates a support level at 192.75, which if violated will result in even more drops to 190.62. On the upside, there is a resistance level at 196.93. A further resistance level may holdings at 198.98. The Relative Strength Index (RSI) on the 14-day chart is 43.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.66%. Stochastics %K at 10.87% indicates the stock is a buying.

How much short interest is there in Autodesk Inc.?

A steep rise in short interest was recorded in Autodesk Inc. stocks on Jul 14, 2022, dropping by -0.56 million shares to a total of 2.66 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.22 million shares. There was a decline of -21.05%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.6.

Autodesk Inc. [ADSK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,073,575 shares, or roughly 7.91% of the outstanding ADSK shares. In other words, the investor’s shares have risen by 21,133 from its previous 13-F filing of 17052442.0. Additionally, BlackRock Fund Advisors decreased -3.62% of its stake after which the total value it holdings stand at $1,892,520,676, while Polen Capital Management LLC added 0.04% of its stake to hold $1.57 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -262,624 shares of Autodesk Inc., while Loomis, Sayles & Co. LP sold -785,575 shares. At present, Norges Bank Investment Management is holding 5,351,912 shares valued at $999.74 million. Aristotle Capital Management LLC owned 5,282,642 shares of the company at the time of its most recent 13F filing, worth $986.8 million.

According to FactSet, Autodesk Inc.’s share price will average $248.72 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.65 percent from its previous closing price of $193.69. Analysts expect Autodesk Inc. stock to reach the higher price of $355.00, while the lowest price estimate is $180.00. However, 25 analysts have rated ADSK stock as an Overweight in their predictions for 2022.

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