Autodesk Inc. [ADSK] Revenue clocked in at $4.57 billion, down -21.71% YTD: What’s Next?

Autodesk Inc. [NASDAQ: ADSK] gained 2.67% or 5.72 points to close at $220.15 with a heavy trading volume of 3234435 shares. The company report on August 25, 2022 that Autodesk to Present at Upcoming Investor Conferences.


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Autodesk, Inc. (NASDAQ: ADSK) today announced its executives will be speaking at the following investor conferences:.

   August 31, 2022            Deutsche Bank 2022 Technology Conference     September 8, 2022       Citi 2022 Global Technology Conference.

It opened the trading session at $234.72, the shares rose to $234.99 and dropped to $216.45, the range by which the price of stock traded the whole day. The daily chart for ADSK points out that the company has recorded 0.90% gains over the past six months. However, it is still -34.9% lower than its most recent low trading price.

If we look at the average trading volume of 1.52M shares, ADSK reached to a volume of 3234435 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Autodesk Inc. [ADSK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADSK shares is $254.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADSK stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Autodesk Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on July 27, 2022, representing the official price target for Autodesk Inc. stock. Previously, the target price had yet another raise to $220, while BofA Securities analysts kept a Neutral rating on ADSK stock. On May 23, 2022, analysts decreased their price target for ADSK shares from 275 to 225.

The Average True Range (ATR) for Autodesk Inc. is set at 7.05, with the Price to Sales ratio for ADSK stock in the period of the last 12 months amounting to 10.77. The Price to Book ratio for the last quarter was 70.11, with the Price to Cash per share for the same quarter was set at 7.10. Price to Free Cash Flow for ADSK in the course of the last twelve months was 31.10 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for ADSK stock

Autodesk Inc. [ADSK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.81. With this latest performance, ADSK shares gained by 8.23% in over the last four-week period, additionally plugging by 0.90% over the last 6 months – not to mention a drop of -35.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADSK stock in for the last two-week period is set at 55.81, with the RSI for the last a single of trading hit 51.83, and the three-weeks RSI is set at 56.90 for Autodesk Inc. [ADSK]. The present Moving Average for the last 50 days of trading for this stock 197.94, while it was recorded at 217.44 for the last single week of trading, and 223.77 for the last 200 days.

Autodesk Inc. [ADSK]: A deeper dive into fundamental analysis

Autodesk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Autodesk Inc. [ADSK]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADSK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Autodesk Inc. go to 23.70%.

An analysis of insider ownership at Autodesk Inc. [ADSK]

There are presently around $42,575 million, or 92.90% of ADSK stock, in the hands of institutional investors. The top three institutional holders of ADSK stocks are: VANGUARD GROUP INC with ownership of 17,971,443, which is approximately 0.149% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 15,876,505 shares of the stock with an approximate value of $3.5 billion in ADSK stocks shares; and STATE STREET CORP, currently with $1.85 billion in ADSK stock with ownership of nearly -3.023% of the company’s market capitalization.

507 institutional holders increased their position in Autodesk Inc. [NASDAQ:ADSK] by around 16,464,350 shares. Additionally, 493 investors decreased positions by around 14,603,422 shares, while 142 investors held positions by with 162,321,407 shares. The mentioned changes placed institutional holdings at 193,389,179 shares, according to the latest SEC report filing. ADSK stock had 91 new institutional investments in for a total of 6,251,206 shares, while 114 institutional investors sold positions of 1,201,707 shares during the same period.

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