Autodesk Inc.’s recent filing unveils that its SVP & Chief Accounting Officer Hope Stephen W. unloaded Company’s shares for reported $18727.0 on Apr 02 ’24. In the deal valued at $249.69 per share,75 shares were sold. As a result of this transaction, Hope Stephen W. now holds 3,450 shares worth roughly $0.84 million.
Then, Anagnost Andrew sold 21,053 shares, generating $5,473,609 in total proceeds. Upon selling the shares at $259.99, the President and CEO now owns 105,213 shares.
Before that, Clifford Deborah sold 5,553 shares. Autodesk Inc. shares valued at $1,443,821 were divested by the EVP, Chief Financial Officer at a price of $260.01 per share. As a result of the transaction, Clifford Deborah now holds 32,259 shares, worth roughly $7.9 million.
Piper Sandler downgraded its Autodesk Inc. [ADSK] rating to a Neutral from a an Overweight in a research note published on November 22, 2023; the price target was decreased to $215 from $240. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late September with a ‘”a Hold”‘ rating. BMO Capital Markets began covering ADSK with “Market perform” recommendation on May 24, 2023. William Blair started covering the stock on April 17, 2023. It rated ADSK as “an Outperform”.
Price Performance Review of ADSK
On Friday, Autodesk Inc. [NASDAQ:ADSK] saw its stock fall -0.03% to $244.74. Over the last five days, the stock has lost -6.02%. Autodesk Inc. shares have risen nearly 0.52% since the year began. Nevertheless, the stocks have risen 20.37% over the past one year. While a 52-week high of $279.53 was reached on 03/01/24, a 52-week low of $188.38 was recorded on 01/04/24. SMA at 50 days reached $256.81, while 200 days put it at $225.81. A total of 1.33 million shares were traded, compared to the trading of 1.44 million shares in the previous session.
Levels Of Support And Resistance For ADSK Stock
The 24-hour chart illustrates a support level at 243.11, which if violated will result in even more drops to 241.49. On the upside, there is a resistance level at 247.32. A further resistance level may holdings at 249.91. The Relative Strength Index (RSI) on the 14-day chart is 35.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.99%. Stochastics %K at 4.02% 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 Mar 15, 2024, dropping by -0.49 million shares to a total of 2.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.76 million shares. There was a decline of -21.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.48.
The most recent change occurred on January 11, 2023 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $230 price target.
