INTU - Intuit Insider Trades Send A Signal | Benzinga
Alex Balazs, EVP at Intuit (NASDAQ:INTU), disclosed an insider sell on March 22, according to a recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Balazs sold 280 shares of Intuit. The total transaction amounted to $178,245.
In the Friday's morning session, Intuit's shares are currently trading at $641.78, experiencing a down of 1.46%.
Discovering Intuit: A Closer Look
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.
A Deep Dive into Intuit's Financials
Revenue Growth: Intuit displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 11.34%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
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Gross Margin: With a low ...