We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where Intuit Inc. (NASDAQ:INTU) stands against other most expensive stocks insiders are dumping in March.
After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.
As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.
What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.
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With each stock, we note the average price per share of these sales and the stock’s market capitalization.
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Intuit Inc. (NASDAQ:INTU)
Market Capitalization: $172.97 billion
Intuit Inc. (NASDAQ:INTU) is a financial technology company based in California. 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 (NASDAQ:INTU) 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 (NASDAQ:INTU) 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.
Overall, INTU ranks 5th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of INTU our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
