The SVP & CAO of Intuit is Exercising Options

Yesterday it was reported that the SVP & CAO of Intuit (INTU), Mark Flournoy, exercised options to sell 5,675 INTU shares at $135.35 a share, for a total transaction value of $1.97M.

Following Mark Flournoy’s last INTU Sell transaction on September 03, 2019, the stock climbed by 72.2%. In addition to Mark Flournoy, 5 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 $1.82 billion and quarterly net profit of $445 million. In comparison, last year the company earned revenue of $994 million and had a GAAP net loss of $44 million. The company has a one-year high of $360.00 and a one-year low of $187.68. INTU’s market cap is $92.36 billion and the company has a P/E ratio of 49.90.

Based on 14 analyst ratings, the analyst consensus is Strong Buy with an average price target of $379.07, reflecting a -6.8% downside.

The insider sentiment on Intuit has been negative according to 90 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Mark Flournoy’s trades have generated a -24.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Intuit, Inc. 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. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

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