Momentum Is Strong For Autodesk Inc. (NASDAQ: ADSK)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed 2024 State of Design & Make Report from Autodesk Finds Growing Confidence in Resilience, Optimism Toward AI.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Autodesk Inc. is $51.57B. A total of 1.17 million shares were traded on the day, compared to an average of 1.30M shares.

In the most recent transaction, Hope Stephen W. sold 75 shares of ADSK for 249.69 per share on Apr 02 ’24. After the transaction, the SVP & Chief Accounting Officer now owns 3,450 company shares. In a previous transaction on Mar 27 ’24, Anagnost Andrew sold 21,053 shares at 259.99 per share. ADSK shares that President and CEO owns now total 105,213.

Among the insiders who sold shares, Clifford Deborah disposed of 5,553 shares on Mar 27 ’24 at a per-share price of $260.01. This resulted in the EVP, Chief Financial Officer holding 32,259 shares of ADSK after the transaction. In another insider transaction, Hope Stephen W. sold 1,757 shares at $260.47 per share on Mar 27 ’24. Company shares held by the SVP & Chief Accounting Officer now total 3,450.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ADSK has a high of $279.53 and a low of $188.38.

As of this writing, ADSK has an earnings estimate of $1.74 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.77 per share and a lower estimate of $1.63. The company reported an EPS of $2.07 in the last quarter, which was 4.00% higher than expectations of $1.99.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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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