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Summary

  • Eight insiders sold Autodesk stock within one month.
  • The stock was not purchased by any insiders in the month of intensive selling.
  • All eight of these insiders decreased their holdings by more than 10%.

Autodesk (NASDAQ:ADSK) operates as a design software and services company worldwide. Its Platform Solutions and Emerging Business segment offers AutoCAD software.

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Insider selling during the last 30 days

Here is a table of Autodesk's insider activity during the last 30 days.

NameTitleTrade DateShares SoldRule 10b5-1Current OwnershipDecrease In Ownership
Jan BeckerSVPMarch 2615,000Yes91,058 shares14.1%
Pascal Di FronzoSVPMarch 2615,000Yes44,300 shares25.3%
Mark HawkinsCFOMarch 11-2635,530Yes62,033 shares36.4%
Carl BassCEOMarch 2697,500Yes381,106 shares20.4%
Steven BlumSVPMarch 2515,000Yes85,702 shares14.9%
Paul UnderwoodVPMarch 10-263,039No5,331 shares36.3%
Crawford BeveridgeDirectorMarch 1712,000Yes35,473 shares25.3%
Mary McDowellDirectorMarch 525,000No22,533 shares + 25,000 options34.5%

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.

MonthInsider selling / sharesInsider buying / shares
March 2014218,0690
February 20142,8760
January 2014851,7340
December 2013330,7500
November 201322,5020
October 2013129,2030
September 2013422,4230
August 201332,1040
July 201320,4820
June 20134,0000
May 201337,5000
April 2013275,0000
March 2013110,4510
February 201300
January 201350,4580

There have been 2,507,552 shares sold, and there have been zero shares purchased by insiders since January 2013.

Financials

Autodesk reported the fiscal 2014 full-year, which ended January 31, financial results on February 26 with the following highlights:

Revenue$2.3 billion
Net income$228.8 million
Cash$2.3 billion
Debt$0.7 billion

The eight insiders sold their shares after these results.

Autodesk had a negative quarterly revenue growth year-over-year in the fourth quarter.

Outlook

Autodesk's fiscal 2015 first-quarter guidance is as follows:

Revenue$560-$575 million
EPS GAAP$0.01-$0.04
EPS Non-GAAP$0.19-$0.22

Autodesk's fiscal 2015 full-year guidance is as follows:

Revenue growth3%-5%
GAAP operating margin5%-8%
Net new subscription additions150,000-200,000

Competition

Autodesk's competitors include Adobe Systems (NASDAQ:ADBE), Dassault Systemes SA (OTCPK:DASTY), and PTC Inc. (NASDAQ:PTC). Here is a table comparing these companies.

CompanyADSKADBEDASTYPTC
Market Cap:10.98B32.24B14.85B4.14B
Employees:7,60011,84710,6855,940
Qtrly Rev Growth (yoy):-0.03-0.010.000.02
Revenue:2.27B4.05B2.67B1.30B
Gross Margin:0.880.860.870.72
EBITDA:426.50M752.51M834.18M288.97M
Operating Margin:0.130.110.240.16
Net Income:228.80M271.91M456.12M147.62M
EPS:1.000.523.571.23
P/E:48.34124.7733.1328.33
PEG (5 yr expected):4.014.771.971.11
P/S:4.827.925.463.21

Autodesk has the weakest revenue growth among these four companies.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
ADBE0699,425
DASTYN/AN/A
PTC0189,663

Adobe Systems has also seen intensive insider selling during the last 30 days.

Conclusion

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.

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Source: Autodesk: 8 Different Insiders Have Sold Shares This Month