INTU - Sell Alert: Alex Balazs Cashes Out $2.38M In Intuit Stock | Benzinga
Alex Balazs, EVP at Intuit (NASDAQ:INTU), executed a substantial insider sell on January 10, according to an SEC filing.
What Happened: Balazs's decision to sell 3,964 shares of Intuit was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $2,377,113.
Monitoring the market, Intuit's shares up by 0.93% at $614.39 during Thursday's morning.
All You Need to Know About 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.
Intuit's Financial Performance
Revenue Growth: Intuit's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2023, the company achieved a revenue growth rate of approximately 14.67%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Analyzing Profitability Metrics:
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Gross Margin: With a ...