20 Most Expensive Stocks Insiders Are Dumping In March

5. Intuit Inc. (NASDAQ:INTU)

Market Capitalization: $172.97 billion

Intuit, a financial technology company based in California, ranks fifth among the 20 most expensive stocks insiders have recently been dumping. The company is known for its popular products like TurboTax for tax preparation, Credit Karma for credit monitoring and personal finance, and QuickBooks, an accounting tool for small businesses. Intuit operates offices in seven countries worldwide.

In recent developments, Intuit launched Tap to Pay on iPhone for its QuickBooks Online customers in the U.S. This new feature allows small and mid-market businesses to securely accept in-person contactless payments using just an iPhone, offering an easy way to manage finances, get paid faster, and support business growth.

In 2024, Intuit reported revenues of $8.75 billion, reflecting a 7% increase from the previous year. However, net income attributable to common stockholders dropped 16% to $815 million. Adjusted EBITDA reached $4.1 billion, showing a 160 basis-point improvement compared to the previous year.

This month, four insiders, including the company’s founder, sold approximately $59.47 million worth of Intuit shares at an average price of $588.29 per share. The stock is down 1.56% year-to-date and 3.33% over the past 12 months, trading at $618.72 per share.

Based on data from TipRanks and 20 Wall Street analysts, Intuit has an average rating of “Strong Buy” with a 12-month price target of $720.89. The average price forecast suggests a 16.51% potential increase from the latest price.