Scott D. Cook has sold 14748 and 75,000 shares of
Intuit Inc., causing the stock to fall and insiders selling to increase. It's coupled with the company's stock falling due to the IRS making direct tax filing permanent, hinting an impact on
TurboTax's usability. Despite these factors,
Intuit has managed to top Q1, Q2, Q3 and Q4 Earnings and Revenue estimates. Though there's worry of TurboTax potentially losing 1 million free users,
Intuit's stock is still considered a 🔴strong growth🔴 stock by experts, with an outlook set for exceeding expectations in their quarterly results.
Intuit successfully rolled out their Q3 2024 revenue and adjusted profits, outperforming expectations and encouraging analysts to proclaim Intuit a robust growth stock for the long term with its recurring revenue and margin expansion capability. With the company being largely held by institutional shareholders, the company has attracted investors and analysts' interest with robust market initiatives such as launching a new Generative AI-Powered Assistant and programs aimed to help 50 million students.
Intuit INTU News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 08:18:09 GMT -
Rating -3
- Innovation 6
- Information 7
- Rumor 8
