Analysts Point To Autodesk Inc. (NASDAQ: ADSK) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Autodesk appoints Joe Speicher as its first chief sustainability officer.

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Stocks Info

As a NASDAQ listed company, ADSK falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of Autodesk Inc. is $51.66B. A total of 1.35 million shares were traded on the day, compared to an average of 1.39M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ADSK has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,470 shares. Over the last 12 months, there were 33 BUYs and 48 SELLs from insiders. Insiders purchased 189,751 shares during that period but sold 127,914.

In the most recent transaction, Smith Stacy J sold 5,000 shares of ADSK for 244.00 per share on Dec 22. After the transaction, the Director now owns 27,488 company shares. In a previous transaction on Dec 14, Smith Stacy J sold 15,000 shares at 238.00 per share. ADSK shares that Director owns now total 32,488.

Among the insiders who sold shares, Pearce Rebecca disposed of 3,812 shares on Dec 14 at a per-share price of $237.41. This resulted in the EVP, Chief People Officer holding 16,011 shares of ADSK after the transaction. In another insider transaction, Smith Stacy J sold 10,000 shares at $234.00 per share on Dec 13. Company shares held by the Director now total 47,488.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ADSK in the last 3 months, the mean price target is $245.11 with high estimates of $285.00 and low estimates of $180.00. In terms of 52-week highs and lows, ADSK has a high of $245.88 and a low of $188.38.

As of this writing, ADSK has an earnings estimate of $1.95 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.98 per share and a lower estimate of $1.93. The company reported an EPS of $1.91 in the last quarter, which was 11.00% higher than expectations of $1.72.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ADSK’s latest balance sheet shows that the firm has $1.76B in Cash & Short Term Investments as of fiscal 2022. There were $3.06B in debt and $4.01B in liabilities at the time. Its Book Value Per Share was $6.93, while its Total Shareholder’s Equity was $849.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADSK is Buy with a score of 4.05.

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