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Intuit Inc. (NASDAQ:INTU) founder Scott D. Cook recently executed a series of stock sales, totaling approximately $48.1 million. The transactions, which took place on June 9, 2025, involved the sale of common stock at prices ranging from $763.209 to $771.93 per share, near the stock’s 52-week high of $773.45. The software giant, now valued at $212.58 billion, has shown impressive financial performance with gross profit margins exceeding 80%. According to InvestingPro analysis, the stock’s technical indicators suggest overbought conditions. Following these sales, Cook, who is both a director and officer of Intuit, holds approximately 6 million shares indirectly through trusts. The sales were conducted under a pre-established Rule 10b5-1 trading plan. InvestingPro rates Intuit’s overall financial health as "GREAT," with 20+ additional insights available to subscribers through detailed Pro Research Reports.
In other recent news, Intuit’s strong fiscal third-quarter results have captured attention, with the company reporting a total revenue growth of $7.8 billion, a 15% increase year-over-year. This performance surpassed consensus estimates, with earnings per share reaching $11.65, exceeding the anticipated $10.93. Evercore ISI responded by raising its price target for Intuit to $785, citing the robust results and maintaining an Outperform rating. Meanwhile, Mizuho (NYSE:MFG) Securities increased its price target to $875 from $825, highlighting the potential growth in Intuit’s QuickBooks segment and the broader online ecosystem. Mizuho also maintained an Outperform rating, pointing to the company’s pricing strategies and AI technology monetization as key growth drivers.
Stifel analysts have reiterated their Buy rating on Intuit, with a price target of $850, following discussions with Intuit’s management about recent earnings. They noted the company’s strategic pricing initiatives and the integration of Credit Karma with TurboTax as significant growth factors. Additionally, Intuit’s recent price hikes for QuickBooks products have been seen as a strategic move to enhance revenue, with Stifel suggesting these changes could drive users toward QuickBooks Online Advanced solutions. Despite challenges faced by MailChimp, Intuit’s Global Business Segment Growth is projected to achieve a long-term target of 15-20% revenue growth, according to Stifel’s analysis. These developments reflect a positive outlook from analysts regarding Intuit’s financial performance and growth strategy.
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