Key insights
- Autodesk director Stacy Smith purchased over $794k in company stock, signaling confidence amid a recent stock decline. This insider buying, coupled with strong Q1 earnings that beat expectations and a significant acquisition of MaintainX, suggests potential upside. Analysts maintain Buy ratings with price targets above current levels, indicating a positive outlook for the software company.
Autodesk (NASDAQ:ADSK) Director Stacy J. Smith acquired $794,054 worth of company common stock on May 29, 2026, according to a recent SEC Form 4 filing. The transactions involved the purchase of a total of 3,435 shares at average weighted prices ranging from $230.48 to $231.34 per share. The purchase comes as the software giant’s stock trades near $231, down roughly 24% over the past six months, though InvestingPro analysis suggests the stock is undervalued at current levels.
The purchases were executed in two separate blocks. One block consisted of 696 shares, acquired at an average weighted price of $230.48 per share. These shares were purchased at various prices between $229.77 and $230.76. The second block involved 2,739 shares, bought at an average weighted price of $231.34 per share, with individual share prices ranging from $230.79 to $231.62.
Following these acquisitions, Smith directly holds a total of 26,517 shares of Autodesk common stock. This total includes 1,455 shares of unvested Restricted Stock Units. The company maintains impressive gross profit margins of 92% and remains profitable, according to InvestingPro data. For deeper insights into ADSK’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Autodesk reported strong financial results for the first quarter of fiscal 2027. The company achieved earnings per share of $2.99, surpassing the forecast of $2.84, and revenue of $1.93 billion, exceeding the projected $1.89 billion. Autodesk also announced a significant $3.6 billion acquisition of MaintainX, marking its largest deal to date. UBS reiterated a Buy rating with a $290 price target, reflecting confidence in Autodesk’s growth potential following the acquisition. Stifel also reiterated a Buy rating and set a $285 price target, citing the company’s impressive revenue growth of 18.4% year-over-year, which exceeded expectations.
Furthermore, RBC Capital adjusted its price target for Autodesk to $305 from $335, maintaining an Outperform rating, as they assessed the impact of the MaintainX acquisition. The acquisition is expected to enhance Autodesk’s capabilities in operations, expanding beyond its traditional focus. The company also raised its fiscal 2027 guidance, indicating optimism about future performance. These developments highlight Autodesk’s strategic moves and strong financial standing, garnering attention from analysts and investors alike.
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