Lauren D. Hotz, an insider at Intuit Inc (INTU), has sold 1,843 shares of the company at a price of $634.08 per share, resulting in a total transaction value of approximately $1.17 million. Following this sale, Hotz retains 1,843 shares of Intuit.
Intuit, headquartered in Mountain View, California, provides a range of business and financial management solutions, employing 18,200 full-time staff. Its product offerings include TurboTax, QuickBooks, and Credit Karma, catering to both consumers and accounting professionals. The company has a market capitalisation of $175.1 billion, with a P/E ratio of 42.53 and an EPS of 14.60. The dividend yield stands at 76.3%.
Insider transactions, such as this sale, must be reported to the SEC, offering insights into executives' perspectives on the company's stock. However, such sales can occur for various reasons, including diversification or personal financial needs. Investors are encouraged to consider broader patterns of insider activity across multiple individuals and time periods rather than focusing solely on isolated transactions.
Upcoming earnings for Intuit are scheduled for May 20, 2026, with an estimated EPS of $13.22 and revenue expectations of $8.7 billion.