Director Vasant M Prabhu bought 1,750 shares at average $309.52 (2 purchases totaling $541,665.13) in INTU from zero holdings
Vasant M Prabhu, a Director at Intuit, executed 2 separate purchases totaling 1,750 shares for $541,665.13, establishing a position in the company from zero prior holdings. The purchases occurred at blended average price of $309.52, but the stock has since declined to $276.73 current price, a -66.0% drawdown from the 52-week high of $813.70. Despite the recent sharp weakness (-25.6% over 30 days, -37.1% over 90 days), this represents a discretionary open-market acquisition by a board-level insider. The company itself shows solid fundamentals: $8.6B quarterly revenue, $3.1B net income, +15.6% annual revenue growth, and 16.51 P/E ratio, though these historical metrics do not account for whatever has driven the recent stock deterioration.