A Director at Autodesk (NASDAQ: ADSK) is Selling Shares

By Carrie Williams

Today, a Director at Autodesk (NASDAQ: ADSK), Lorrie Norrington, sold shares of ADSK for $626.9K.

Following Lorrie Norrington’s last ADSK Sell transaction on January 03, 2014, the stock climbed by 56.2%.

Based on Autodesk’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $513 million and GAAP net loss of $120 million. In comparison, last year the company earned revenue of $489 million and had a GAAP net loss of $143 million. The company has a one-year high of $131.10 and a one-year low of $73.60. The Company has a book value per share of 215.6875.

Based on 15 analyst ratings, the analyst consensus is Strong Buy with an average price target of $131.53, reflecting a -20.1% downside. Seven different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Autodesk, Inc. engages in the designing and developing multimedia software products. It includes Autodesk 360 cloud services, AutoCAD civil 3D and LT, 3Ds Max, Maya, and Revit. The company was founded by John Walker in April 1982 and is headquartered in San Rafael, CA.