Nucor earnings beat by $0.08, revenue fell short of estimates
Tessel Marianna, Executive Vice President at Intuit Inc. (NASDAQ:INTU), recently sold 7,385 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at an average price of $600.1266, resulting in a total transaction value of approximately $4.43 million.
In a related transaction, Marianna exercised stock options to acquire the same number of shares at $216.64 per share before the sale. Following these transactions, Marianna holds 40,190 shares of Intuit stock.
The sale was executed in multiple trades with prices ranging from $600.06 to $600.445.
In other recent news, Intuit Inc. has reported robust earnings that exceeded expectations, driven by strong performance across its product lines. The company’s Consumer Group revenue outperformed forecasts, with TurboTax showing a strong start to the tax season, bolstered by increased customer engagement with professional advice and additional services. In addition, Intuit’s Online Ecosystem revenue grew by 21%, and Online Services revenue expanded by 19%, contributing to the overall positive financial results. Mizuho (NYSE:MFG) Securities reiterated its Outperform rating on Intuit, raising its price target to $765, citing the company’s strategic initiatives in AI and tax-related services as key growth drivers. KeyBanc Capital Markets maintained an Overweight rating with a $770 price target, highlighting a slight increase in Average Revenue Per Transaction (JO:NTUJ) for TurboTax. Scotiabank (TSX:BNS) adjusted its price target to $600 while maintaining a Sector Perform rating, noting Intuit’s effective use of AI investments leading to significant efficiencies. Stifel analysts reaffirmed their Buy rating and $725 price target, pointing to strong growth in online services and Credit Karma’s solid performance. These developments reflect a positive outlook from analysts on Intuit’s strategic initiatives and financial performance.
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