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Examining the Potential Price Growth of Autodesk Inc. (ADSK)

Autodesk Inc.’s filing revealed 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 $0.78 million.

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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 $7.29 million.

Berenberg downgraded its Autodesk Inc. [ADSK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late November from “an Overweight” to “a Neutral”. HSBC Securities began covering ADSK with “Hold” recommendation on September 29, 2023. BMO Capital Markets started covering the stock on May 24, 2023. It rated ADSK as “a Market perform”.

Price Performance Review of ADSK

On Friday, Autodesk Inc. [NASDAQ:ADSK] saw its stock jump 1.24% to $225.87. Over the last five days, the stock has gained 4.55%. Autodesk Inc. shares have fallen nearly -7.23% since the year began. Nevertheless, the stocks have risen 5.77% over the past one year. While a 52-week high of $279.53 was reached on 03/01/24, a 52-week low of $192.01 was recorded on 05/31/24. SMA at 50 days reached $219.33, while 200 days put it at $228.45. A total of 2.56 million shares were traded, compared to the trading of 2.52 million shares in the previous session.

Levels Of Support And Resistance For ADSK Stock

The 24-hour chart illustrates a support level at 223.13, which if violated will result in even more drops to 220.39. On the upside, there is a resistance level at 227.85. A further resistance level may holdings at 229.82. The Relative Strength Index (RSI) on the 14-day chart is 59.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.81%. Stochastics %K at 96.78% indicates the stock is a selling.

The most recent change occurred on April 17, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .

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