Adobe Inc.(纳斯达克股票代码:ADBE)董事出售536,865.00美元的股票

Adobe Inc.(纳斯达克股票代码:ADBE)董事出售536,865.00美元的股票
2023年03月22日 07:39 富途牛牛综合

Adobe Inc. (NASDAQ:ADBE – Get Rating) Director John E. Warnock sold 1,500 shares of Adobe stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $357.91, for a total value of $536,865.00. Following the sale, the director now directly owns 378,965 shares in the company, valued at approximately $135,635,363.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Adobe Stock Up 3.1 %

Shares of ADBE traded up $11.34 during trading hours on Tuesday, hitting $374.22. The company had a trading volume of 4,460,810 shares, compared to its average volume of 3,089,646. The company has a market capitalization of $171.61 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.26. Adobe Inc. has a one year low of $274.73 and a one year high of $473.49. The company's fifty day moving average price is $353.65 and its two-hundred day moving average price is $333.56.

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Adobe (NASDAQ:ADBE – Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The software company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.68 by $0.12. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.62 billion. Adobe had a return on equity of 36.53% and a net margin of 26.32%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 EPS. As a group, equities analysts forecast that Adobe Inc. will post 12.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADBE. Morgan Stanley lifted their target price on Adobe from $382.00 to $385.00 and gave the company an "equal weight" rating in a research note on Thursday, March 16th. Credit Suisse Group lifted their price objective on Adobe from $325.00 to $350.00 and gave the stock a "neutral" rating in a research note on Friday. William Blair initiated coverage on Adobe in a research note on Tuesday, January 17th. They issued an "outperform" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $395.00 price objective on shares of Adobe in a research note on Monday, March 13th. Finally, Wolfe Research dropped their target price on Adobe from $440.00 to $420.00 in a report on Thursday, March 16th. Sixteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $415.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ironwood Investment Management LLC increased its position in Adobe by 1.4% during the 2nd quarter. Ironwood Investment Management LLC now owns 1,737 shares of the software company's stock valued at $636,000 after buying an additional 24 shares in the last quarter. Modera Wealth Management LLC increased its position in Adobe by 1.1% during the 4th quarter. Modera Wealth Management LLC now owns 2,420 shares of the software company's stock valued at $814,000 after buying an additional 26 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Adobe by 0.5% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,018 shares of the software company's stock valued at $1,835,000 after purchasing an additional 27 shares during the last quarter. Endurance Wealth Management Inc. grew its stake in Adobe by 1.4% during the 4th quarter. Endurance Wealth Management Inc. now owns 2,010 shares of the software company's stock valued at $676,000 after purchasing an additional 27 shares during the last quarter. Finally, Northstar Group Inc. grew its stake in Adobe by 2.1% during the 4th quarter. Northstar Group Inc. now owns 1,351 shares of the software company's stock valued at $455,000 after purchasing an additional 28 shares during the last quarter. 79.36% of the stock is owned by institutional investors and hedge funds.

Adobe Company Profile

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Adobe, Inc engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat.

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