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Scott Cook, founder and director at Intuit Inc. (NASDAQ:INTU), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Cook disposed of shares totaling approximately $45.9 million. The transactions occurred on February 27, 2025, with share prices ranging from $600.61 to $625.38. The software giant, currently valued at $167.9 billion, maintains impressive gross profit margins of nearly 80% and boasts a GREAT financial health score according to InvestingPro analysis.
The sales were conducted by the Scott D. Cook and Helen Signe Ostby Family Trust as part of a pre-established trading plan. Following these transactions, Cook retains ownership of 6,228,446 shares, held indirectly through various trusts. For deeper insights into insider transactions and comprehensive analysis, InvestingPro offers exclusive access to detailed financial metrics and expert research reports.
Investors often monitor insider transactions to gauge confidence in a company’s prospects. While Cook’s sales represent a substantial amount, they are part of a planned strategy, as disclosed in the filing. Intuit, a leader in financial software, continues its operations under the watch of its executive leadership and board.
In other recent news, Intuit’s financial performance has been a focal point for analysts, with several firms adjusting their price targets and ratings. Piper Sandler raised its price target for Intuit to $785, citing the company’s strong second-quarter results, which included revenues of $3.96 billion, surpassing forecasts by $120 million, and earnings per share (EPS) of $3.32, exceeding expectations by $0.75. Similarly, Mizuho (NYSE:MFG) increased its price target to $765, maintaining an Outperform rating and highlighting Intuit’s robust TurboTax franchise and potential from Credit Karma. On the other hand, Scotiabank (TSX:BNS) reduced its target to $600, maintaining a Sector Perform rating despite acknowledging Intuit’s impressive earnings that exceeded projections.
Stifel reiterated its Buy rating with a $725 target, noting significant growth in online services revenue and a strong start to the tax season. BMO Capital Markets also revised its target to $714, maintaining an Outperform rating while emphasizing the company’s solid second-quarter performance and growth in Credit Karma and QuickBooks Online. Intuit’s strategic use of artificial intelligence has been a common theme, contributing to operational efficiencies and enhanced customer experiences. The company’s decision to maintain its full-year 2025 guidance aligns with its historical approach, reflecting confidence in its ongoing initiatives. These developments underscore the varied perspectives among analysts regarding Intuit’s future prospects, with a general consensus on the company’s strong recent performance.
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