Autodesk, Inc. (NASDAQ: ADSK) has revealed today the accquisition of software firm Spacemaker for $240 million. The company has taken the decision to acquire Spacemaker because of the use of AI to increase the return for all the stakeholders in the process of urban development.
This is the 13th acquisition of Autodesk of a technology startup since 2017. After buying Spacemaker Autodesk will be able to provide modern and outcome-based design capabilities to architects. Spacemaker is offering the opportunity to designers and architects to turn towards a more creative side. It is anticipated that the deal will be executed on January 31, 2021.
Autodesk, Inc. (ADSK) has seen some recent action in the marketplace and its common shares are trading at $251.95. People are starting to take notice of ADSK as the trading of the common shares are as high as $252.17 and as low as $247.62 at the time the article was written.
Autodesk, Inc. (ADSK) average trading volume is 1.49M. However, in today’s market session Autodesk, Inc. (ADSK) exchanged 394,461 shares till now. The First downside support level on ADSK is $246.40 and the First resistance level on ADSK is $272.93. ADSK fifty day moving average is $244.69 and ADSK 200-day moving average is $231.63.
Autodesk, Inc. (ADSK) most current performance has been shown by the recent movement in ADSK common shares. ADSK has performed -4.30% over the past month, ADSK has performed 2.51% over the past 90 days and ADSK has shown 53.81% over the past 1 year. Autodesk, Inc. (ADSK) has a 12 month range of $125.38 to $276.68. Autodesk, Inc. (ADSK) is trading 100.30% from its 12 month low and -9.23% from its 12 month high. Autodesk, Inc. (ADSK) is indicating a 1.19% short float indicating the quantity short in the float.
ADSK has 219.20M shares outstanding and 217.97M shares in the float. Autodesk, Inc. (ADSK) presently has a market cap of $53.41B and an income of 372.80M. The EPS next quarter for ADSK is 0.95 and the forecasted EPS next year is 39.03%. The market cap of Autodesk, Inc. (ADSK) at $53.41B signifies how many People own shares of ADSK and is calculated off the last price ($251.95) of ADSK and the quantity of shares outstanding (219.20M) with Autodesk, Inc. (ADSK).
Autodesk, Inc. (ADSK) has total cash (mrq) of 1.52B, total cash per share (mrq) of 6.93, the total debt of ADSK stands at 2.08B and total debt/equity (mrq) is 3,095.39. . Autodesk, Inc. (ADSK) operational cash flow (ttm) is 1.39B, ADSK leveraged free cash flow (ttm) is 948.92M.
ADSK is trading 0.72% above (bullish) its SMA20, 4.66% above (bullish) its SMA50 and 17.29% above (bullish) its SMA200.