A securities class action has been filed in the USDC — N.D.CA. against Autodesk, Inc. (ADSK) (“Autodesk” or the “Company”), on behalf of all persons or entities who purchased or otherwise acquired Autodesk securities between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”).

Defendant Autodesk describes itself as a “global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment. Our customers design, fabricate, manufacture, and build anything by visualizing, simulating, and analyzing real-world performance early in the design process. [. . .] Our professional software products are sold globally through a combination of indirect and direct channels.”

The complaint alleges, Defendants made false and/or misleading statements and/or failed to disclose that:

(1) Autodesk, Inc. lacked adequate internal controls as a result of issues with its free cash flow and non-GAAP operating margin practices; and

(2) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times, thereby harming investors.

If you purchased Autodesk securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.