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Autodesk, Inc. (NASDAQ:ADSK), a $55.7 billion software giant with impressive gross profit margins of 92%, reported that Stephen W. Hope, the Senior Vice President and Chief Accounting Officer, executed significant stock transactions as disclosed in a recent SEC filing. According to InvestingPro analysis, the company currently trades above its Fair Value. On March 28, Hope sold 2,452 shares of Autodesk common stock at an average price of $267.29 per share, totaling approximately $655,395. This sale was conducted under a Rule 10b5-1 trading plan adopted on October 3, 2024.
In addition to the sale, other transactions were reported. On March 27, Hope acquired 1,936 shares of common stock at no cost, reflecting the vesting of Performance Stock Unit awards. Furthermore, transactions on the same day included the disposal of 671 and 689 shares at $271.21 per share, respectively, to cover tax obligations, amounting to a total of $368,845. Following these transactions, Hope’s direct ownership stands at 3,003 shares, which includes unvested Restricted Stock Units.
In other recent news, Autodesk, Inc. reported a significant year-over-year revenue increase of 12%, reaching $6.1 billion for FY 2025. The company’s non-GAAP operating margins have improved substantially, with a rise of over 2,400 basis points since FY 2019. Autodesk also announced a 22% growth in free cash flow, amounting to $1.6 billion in FY 2025, and plans to buy back stock worth between $1.1 billion and $1.2 billion in FY 2026. Meanwhile, investment firm Starboard Value LP has nominated three new candidates for Autodesk’s board, advocating for changes due to concerns over the company’s financial and operational performance. Starboard holds a significant stake in Autodesk and aims to influence company policies through these board nominations. Additionally, Berenberg has maintained its Hold rating on Autodesk’s stock, following the company’s Q4 FY 2025 results, which showed an 11.6% revenue growth. Autodesk’s restructuring program is expected to enhance profitability, although the company projects lower revenue growth for FY 2026 compared to previous forecasts.
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