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Autodesk (NASDAQ:ADSK), the $69.21 billion software giant with impressive 92% gross profit margins, saw its Executive Vice President and Chief Operating Officer Steven M. Blum sell 22,420 shares of common stock on September 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed on behalf of a family trust, generated $7,258,475.
The shares were sold in multiple transactions with prices ranging from $322.51 to $325.03. Specifically, 5,270 shares were sold at an average price of $322.51, 5,264 shares were sold at an average price of $323.44, 11,366 shares were sold at an average price of $324.41 and 520 shares were sold at an average price of $325.03.
Following these transactions, the Blum Family Trust indirectly holds 13,099 shares. Blum also directly holds 27,249 shares, including 26,601 unvested restricted stock units.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 5, 2025.
In other recent news, Autodesk has reported strong second-quarter earnings, prompting several analyst firms to raise their price targets for the company. UBS increased its price target to $385, citing robust revenue and billings that outperformed expectations in the applications and software-as-a-service sector. Similarly, Macquarie raised its target to $380, highlighting the continued strength seen in Autodesk’s recent quarters. Oppenheimer also adjusted its target to $375, noting a steady 11% core revenue growth despite challenging economic conditions. RBC Capital raised its price target to $380, pointing to Autodesk’s improved guidance for fiscal year 2026 and a positive outlook for free cash flow. Meanwhile, BMO Capital maintained its Market Perform rating and a price target of $333, acknowledging a good quarter with stable growth and strong cash generation. These developments underscore Autodesk’s financial resilience and continued appeal to investors.
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