Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autodesk Inc shares valued at $542,948 were sold by NORRINGTON LORRIE M on Dec 11 ’24. At $305.37 per share, NORRINGTON LORRIE M sold 1,778 shares. The insider’s holdings dropped to 9,981 shares worth approximately $2.82 million following the completion of this transaction.
Also, LORRIE NORRINGTON purchased 1,778 shares, netting a total of over 542,948 in proceeds.
Before that, NORRINGTON LORRIE M had sold 1,778 shares from its account. In a trade valued at $543,926, the Director traded Autodesk Inc shares for $305.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,778 shares, worth approximately $3.32 million.
As published in a research note from Mizuho on January 28, 2025, Autodesk Inc [ADSK] has been rated up from a Neutral to an Outperform and the price target has been revised to $400 from $280. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 12, 2024, Macquarie has initiated its “an Outperform” rating for ADSK. Earlier on December 02, 2024, UBS initiated its rating. Their recommendation was “a Buy” for ADSK stock.
Analyzing ADSK Stock Performance
During the last five days, there has been a drop of approximately -2.98%. Over the course of the year, Autodesk Inc shares have dropped approximately -4.47%. Shares of the company reached a 52-week high of $317.05 on 01/31/25 and a 52-week low of $279.84 on 01/13/25. A 50-day SMA is recorded $297.32, while a 200-day SMA reached $269.41.
Support And Resistance Levels for Autodesk Inc (ADSK)
According to the 24-hour chart, there is a support level at 278.72, which, if violated, would cause prices to drop to 275.08. In the upper region, resistance lies at 289.58. The next price resistance is at 296.80. RSI (Relative Strength Index) is 36.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.16, which suggests the price will decrease in the coming days. Percent R is at 93.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
