Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autodesk Inc. shares valued at $18,727 were sold by Hope Stephen W. on Apr 02 ’24. At $249.69 per share, Hope Stephen W. sold 75 shares. The insider’s holdings dropped to 3,450 shares worth approximately $0.73 million following the completion of this transaction.
Also, Anagnost Andrew sold 21,053 shares, netting a total of over 5,473,609 in proceeds. Following the sale of shares at $259.99 each, the insider now holds 105,213 shares.
Before that, Clifford Deborah had sold 5,553 shares from its account. In a trade valued at $1,443,821, the EVP, Chief Financial Officer traded Autodesk Inc. shares for $260.01 each. Upon closing the transaction, the insider’s holdings decreased to 5,553 shares, worth approximately $6.8 million.
As published in a research note from Berenberg on May 01, 2024, Autodesk Inc. [ADSK] has been rated down from a Buy to a Hold and the price target has been revised to $295. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of September 29, 2023, HSBC Securities has initiated its “Hold” rating for ADSK. Earlier on May 24, 2023, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for ADSK stock.
Analyzing ADSK Stock Performance
During the last five days, there has been a drop of approximately -2.00%. Over the course of the year, Autodesk Inc. shares have dropped approximately -13.46%. Shares of the company reached a 52-week high of $279.53 on 03/01/24 and a 52-week low of $206.23 on 04/18/24. A 50-day SMA is recorded $244.86, while a 200-day SMA reached $227.34. Nevertheless, trading volume fell to 1.69 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Autodesk Inc. (ADSK)
According to the 24-hour chart, there is a support level at 207.86, which, if violated, would cause prices to drop to 205.01. In the upper region, resistance lies at 214.78. The next price resistance is at 218.85. RSI (Relative Strength Index) is 26.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.24, which suggests the price will decrease in the coming days. Percent R is at 86.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
