Today it was reported that the COB, CEO & Pres of Intuit (NASDAQ: INTU), Brad D. Smith, exercised options to sell 254,325 INTU shares at $60.13 a share, for a total transaction value of $57.9M.
Following Brad D. Smith’s last INTU Sell transaction on December 01, 2014, the stock climbed by 137.2%. In addition to Brad D. Smith, 3 other INTU executives reported Sell trades in the last month.
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Based on Intuit’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $988 million and quarterly net profit of $49 million. In comparison, last year the company earned revenue of $842 million and had a net profit of $24 million. INTU’s market cap is $58.85B and the company has a P/E ratio of 49.29. The Company has a Price to Book ratio of 24.9981.
One of the top 25 analysts, according to TipRanks.com, recently recommended Hold INTU with a $240 price target. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $224.71, reflecting a -0.3% downside.
The insider sentiment on Intuit has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Intuit, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner.
