Some insiders may be in need of liquidation for personal or business expenses, while others could be looking to take profits off a stock that has seen its fair share of volatility over recent years. While many analysts may be scratching their heads trying to make sense of this development, it is worth noting that there may be several reasons behind such transactions. Overall these transactions add up to a total sale of roughly around $2,313602 from insiders in the last three months alone all insiders combined own only 0.11% of the company’s stock.
That being said, Rafael is not the only insider who sold their shares because CFO Deborah Clifford also sold approximately 3,815 shares worth $750601.25 on March 28th at an average price of $196.75 per share she now holds around 18,209 shares in Autodesk valued at around $3,582620.75 according to disclosure reports filed by SEC. The said transaction was filed legally and can be accessible through a link provided by SEC. Her transaction amounted to a total value of $61,639.32 wherein she now holds only 4,815 shares valued at approximately $960,496.20. Specifically, Director Betsy Rafael sold 309 shares of Autodesk stock on March 1st at an average price of $199.48 per share. In line with this news about stock selling came another article which disclosed one of their Director’s transactions.
Thus, it has been at the forefront of technology providing high-quality software for big names in several sectors such as automotive, consumer products, transportation, industrial machinery and building products. The firm also provides manufacturers with digital solutions related to design engineering and production solutions for various industries. This translates to them selling around 24,970 shares of Autodesk stock worth $19,471,000 during this period.Īutodesk’s products range from AutoCAD to BIM 360 and Fusion 360. In fact, a filing with the Securities & Exchange Commission revealed that Thrivent Financial for Lutherans has trimmed its holdings in Autodesk by 19.3% in the fourth quarter of the previous year. Autodesk Inc., a leading firm in software design and services for various industries, has once again made it to the headlines after news broke out about the company’s recent sale of their stocks.
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