INTU - Major Decision: LAURA FENNELL Exercises Options Realizing $11.73M At Intuit | Benzinga
A substantial insider activity was disclosed on January 9, as FENNELL, EVP at Intuit (NASDAQ:INTU), reported the exercise of a large sell of company stock options.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday revealed that FENNELL, EVP at Intuit in the Information Technology sector, exercised stock options for 29,543 shares of INTU stock. The exercise price of the options was $216.64 per share.
Intuit shares are trading, exhibiting up of 1.42% and priced at $613.78 during Wednesday's morning. This values FENNELL's 29,543 shares at $11,732,707.
Unveiling the Story Behind Intuit
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.
Unraveling the Financial Story of Intuit
Revenue Growth: Intuit displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 14.67%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company ...