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Stephen W. Hope, the Senior Vice President and Chief Accounting Officer of Autodesk, Inc. (NASDAQ:ADSK), a $56.4 billion software company with impressive 92% gross profit margins, recently sold 57 shares of the company’s common stock. The shares were sold at an average price of $261.18 each, amounting to a total transaction value of $14,887. Following this sale, Hope retains ownership of 3,003 shares, which include unvested Restricted Stock Units. The transaction was executed under a pre-established Rule 10b5-1 trading plan. According to InvestingPro data, 18 analysts have revised their earnings upward for the upcoming period, and the company’s Fair Value analysis suggests the stock may be undervalued despite trading at high earnings multiples.
In other recent news, Autodesk reported a strong financial performance with FY 2025 revenue reaching $6.1 billion, marking a 12% increase from the previous year. The company also saw a 22% growth in free cash flow, reaching $1.6 billion, and plans to increase its share repurchase program by 30-40% in FY 2026. Autodesk’s non-GAAP operating margin rose to approximately 39%, surpassing targets a year ahead of schedule. Meanwhile, Starboard Value LP, a major shareholder, has announced its intention to nominate three new candidates for Autodesk’s board of directors at the 2025 annual meeting, citing a need for improved accountability and performance. Starboard plans to file a preliminary proxy statement to solicit votes for their nominees. In response, Autodesk has engaged in dialogue with Starboard and plans to evaluate the proposed nominees as part of its standard director assessment procedure. Berenberg maintained a Hold rating on Autodesk stock with a $299 price target following the company’s Q4 FY 2025 results, which showed an 11.6% year-over-year revenue growth. Despite the positive financial performance, Autodesk has projected 8-9% constant currency organic revenue growth for FY 2026, which is lower than previous market expectations.
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