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Scott D. Cook, the founder and a director of Intuit Inc. (NASDAQ:INTU), has reported the sale of company stock totaling approximately $5.25 million. The transactions, which took place on March 11, 2025, involved multiple sales of common stock executed at prices ranging from $578.38 to $594.54 per share. The software giant, currently valued at $165.7 billion, maintains impressive gross profit margins of nearly 80% and has consistently raised its dividend for 14 consecutive years, according to InvestingPro data.
The sales were conducted through the Scott D. Cook and Helen Signe Ostby Family Trust, under a pre-established Rule 10b5-1 trading plan. Following these transactions, Cook retains ownership of over 6.1 million shares held in various trusts. With an overall "GOOD" financial health rating from InvestingPro and 13 additional exclusive insights available for subscribers, the sales are part of a regular trading plan and do not necessarily reflect Cook’s view on the company’s future stock performance.
In other recent news, Intuit Inc. has seen several developments impacting its stock outlook. The company reported robust fiscal second-quarter earnings that exceeded expectations, with significant growth in its Consumer Group and Online Ecosystem revenues. Analysts have responded to these results with varied adjustments to their price targets. KeyBanc Capital Markets maintained an Overweight rating with a $770 target, expressing optimism about TurboTax’s revenue growth. Mizuho (NYSE:MFG) Securities raised its price target to $765, maintaining an Outperform rating, citing strong performance in TurboTax and potential in Credit Karma.
Conversely, Scotiabank (TSX:BNS) reduced its target to $600 while keeping a Sector Perform rating, acknowledging Intuit’s strong earnings but reflecting a more cautious valuation approach. Stifel reiterated a Buy rating with a $725 target, noting strong online services revenue growth and a positive outlook for Credit Karma. Meanwhile, BMO Capital Markets adjusted its target to $714 but maintained an Outperform rating, highlighting the company’s execution in tax-related services and potential efficiency gains through artificial intelligence.
These recent developments underscore a mixed but generally positive sentiment from analysts regarding Intuit’s financial performance and growth prospects.
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