Autodesk (NASDAQ:ADSK) operates as a design software and services company worldwide. Its Platform Solutions and Emerging Business segment offers AutoCAD software.
Insider selling during the last 30 days
Here is a table of Autodesk's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Jan Becker||SVP||March 26||15,000||Yes||91,058 shares||14.1%|
|Pascal Di Fronzo||SVP||March 26||15,000||Yes||44,300 shares||25.3%|
|Mark Hawkins||CFO||March 11-26||35,530||Yes||62,033 shares||36.4%|
|Carl Bass||CEO||March 26||97,500||Yes||381,106 shares||20.4%|
|Steven Blum||SVP||March 25||15,000||Yes||85,702 shares||14.9%|
|Paul Underwood||VP||March 10-26||3,039||No||5,331 shares||36.3%|
|Crawford Beveridge||Director||March 17||12,000||Yes||35,473 shares||25.3%|
|Mary McDowell||Director||March 5||25,000||No||22,533 shares + 25,000 options||34.5%|
There have been 218,069 shares sold by insiders during the last 30 days. Jan Becker, Pascal Di Fronzo, Mark Hawkins, Carl Bass, Steven Blum, and Crawford Beveridge sold shares pursuant to the Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of Autodesk's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 2,507,552 shares sold, and there have been zero shares purchased by insiders since January 2013.
Autodesk reported the fiscal 2014 full-year, which ended January 31, financial results on February 26 with the following highlights:
|Net income||$228.8 million|
The eight insiders sold their shares after these results.
Autodesk had a negative quarterly revenue growth year-over-year in the fourth quarter.
Autodesk's fiscal 2015 first-quarter guidance is as follows:
Autodesk's fiscal 2015 full-year guidance is as follows:
|GAAP operating margin||5%-8%|
|Net new subscription additions||150,000-200,000|
|Qtrly Rev Growth (yoy):||-0.03||-0.01||0.00||0.02|
|PEG (5 yr expected):||4.01||4.77||1.97||1.11|
Autodesk has the weakest revenue growth among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Adobe Systems has also seen intensive insider selling during the last 30 days.
There have been eight different insiders selling Autodesk, and there have not been any insiders buying Autodesk during the last 30 days. All eight of these insiders decreased their holdings by more than 10%. Autodesk has an insider ownership of 0.30%.
Autodesk has a $37 price target from the Point & Figure chart. I believe there is an opportunity for a short entry with the $37 price target. I would place a stop loss at $59, which is the all-time high. The three main reasons for the proposed short entry are a bearish Point & Figure chart, negative revenue growth, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in ADSK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.