In a report released on October 8, Matthew Hedberg from RBC Capital maintained a Buy rating on Autodesk. The company’s shares closed yesterday at $310.32.
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Hedberg covers the Technology sector, focusing on stocks such as Autodesk, Palo Alto Networks, and Gen Digital. According to TipRanks, Hedberg has an average return of 21.7% and a 69.57% success rate on recommended stocks.
In addition to RBC Capital, Autodesk also received a Buy from KeyBanc’s Jason Celino in a report issued on October 8. However, yesterday, BMO Capital reiterated a Hold rating on Autodesk (NASDAQ: ADSK).
The company has a one-year high of $329.09 and a one-year low of $232.67. Currently, Autodesk has an average volume of 1.65M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADSK in relation to earlier this year. Last month, Ruth Ann Keene, the EVP, Corp Affairs, CLO of ADSK sold 2,761.00 shares for a total of $869,991.10.
Read More on ADSK:
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- Autodesk’s Strategic Positioning and AI Alignment Drive Buy Rating
- Autodesk’s Strategic Growth and AI Monetization Drive Buy Rating
- Autodesk’s Strategic Expansion and AI Integration Drive Buy Rating
- Autodesk’s Future: Balancing Optimism with Caution in AI Strategy and Market Expansion
- Autodesk Analyst Event to prove helpful in gauging its market drivers, says RBC
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