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Stock Charts AI Power Rank: 8.6
Power Rank trending -> UP

Last Price: 239.17 - Change: -3.14 - Change %: -1.2959
06/24/2024 16:01:00 EST

Autodesk Inc (ADSK)

Industry: Software - Application

Price Support Resistance

In the past 20 trading days, ADSK has been trading in a range between $244.12 and $199.93 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

ADSK is trading between resistance at $253.07 about 6% to the upside and support at $235.96 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $266.68, about a 12% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Autodesk Inc $ADSK entered a Green zone 8 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $241.17, a potential upside of 0.84% from the recent price of 239.17. The stock is trading 16.88% (potential upside) below its 52 week high of $279.53 and 24.56 % (potential downside) above its 52 week low of $192.01 - based on the recent price.

Company Summary

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for land development, transportation, and environmental projects; Autodesk Build, provides a toolset for managing, sharing, and accessing project documents for streamlined workflows between the office, trailer, and jobsite; Revit, a software built for Building Information Modeling to help professionals design, build, and maintain higher-quality, more energy-efficient buildings; Autodesk BIM Collaborate Pro, cloud-based design collaboration and design management software; and BuildingConnected, a SaaS preconstruction solution.

ADSK Website


Activist Starboard Value demands Autodesk explain accounting, financial issues
Activist investor Starboard Value sent a letter to Autodesk's board demanding more clarity and accountability around an internal probe that led to the reassignment of the software company's CFO. Starboard, which has a more than $500 million stake in the company, wrote that it was "lunacy" that shareholders had not been told which executives were behind an effort to mislead investors about the company's free cash flow numbers.
Source: CNBC
Tue, 25 Jun 2024 08:29:25 -0400
Sentiment: Negative
Starboard Value Urges Autodesk to Increase Transparency, Improve Governance and Operations, and Rebuild Credibility with Investors
NEW YORK--(BUSINESS WIRE)--Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to the Company's Board of Directors (the “Board”) urging Autodesk to heed mounting calls for enhanced governance, transparency, and operational execution. The letter can be accessed at https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundam.
Source: Business Wire
Tue, 25 Jun 2024 08:00:00 -0400
Sentiment: Neutral
Autodesk, Inc. Class Action: Levi & Korsinsky Reminds Autodesk Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2024 - ADSK
NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Autodesk, Inc. (NASDAQ:ADSK) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/autodesk-lawsuit-submission-form?prid=87185&wire=1 or contact Joseph E. Levi, Esq.
Source: Accesswire
Mon, 24 Jun 2024 14:45:00 -0400
Sentiment: Neutral
Shareholders that lost money on Autodesk, Inc.(ADSK) should contact Levi & Korsinsky about pending Class Action - ADSK
NEW YORK, NY / ACCESSWIRE / June 24, 2024 / If you suffered a loss on your Autodesk, Inc. (NASDAQ:ADSK) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/autodesk-lawsuit-submission-form?prid=87178&wire=1 or contact Joseph E. Levi, Esq.
Source: Accesswire
Mon, 24 Jun 2024 14:30:00 -0400
Sentiment: Neutral
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Autodesk, Inc. - ADSK
NEW YORK , June 24, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Autodesk, Inc. ("Autodesk" or the "Company") (NASDAQ: ADSK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
Source: PRNewsWire
Mon, 24 Jun 2024 14:06:00 -0400
Sentiment: Neutral
Instituions Institution %: 92.72
Last QTR Institution change: 4069567

Insiders %: 0.178
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 88144
Insiders Net last QTR: -88144

Analyst Ratings
Target Price: 241.17
Overall Rating: 4.08
Strong Buys (5): 12
Buys (4): 4
Holds (3): 8
Sells (2): 1
Strong Sells (1): 0

52 Week Hi: 279.53
52 Week Low: 192.01
Beta: 1.431
50 Day MA: 219.146
200 Day MA: 228.9683

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.549
Qtr Revenue Growth YOY: 0.117
Forward PE: 29.4118
Trailing PE: 52.1068

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