Public Sector Pension Investment Board reduced its stake in Intuit Inc. (NASDAQ:INTU) by 34% in the third quarter, selling 15,140 shares. This comes amidst significant insider selling, with CEO Sasan K. Goodarzi selling 41,000 shares and other insiders selling a total of 388,464 shares in the past three months. While analysts maintain a “Moderate Buy” rating with a target price of $772.42, several firms have lowered price targets and the stock has hit a 12-month low, reflecting increased bearish sentiment.
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Intuit Inc. $INTU Shares Sold by Public Sector Pension Investment Board
Public Sector Pension Investment Board reduced its stake in Intuit Inc. (NASDAQ:INTU) by 34% in the third quarter, selling 15,140 shares. This comes amidst significant insider selling, with CEO Sasan K. Goodarzi selling 41,000 shares and other insiders selling a total of 388,464 shares in the past three months. While analysts maintain a “Moderate Buy” rating with a target price of $772.42, several firms have lowered price targets and the stock has hit a 12-month low, reflecting increased bearish sentiment.