![]() Garfield and EVP Scott Belsky sold 132 and 3,000 shares of stock respectively on separate occasions since March this year. Meanwhile, insiders have sold 8,304 shares of company stock valued at $3,055,314 in the last quarter. It is notable that institutional investors own 79.36% of Adobe’s stock. My Personal CFO LLC also bought a new position in the stock in the fourth quarter worth $45,000. These investors are not alone Pacifica Partners Inc., for example, lifted its position in Adobe by 1,111.1% during the same period after acquiring additional shares valued at $37,000. First Financial Corp IN increased its stake in Adobe by 52.1% during the fourth quarter and now owns $36,000 worth of the software giant’s shares. Arcus Capital Partners LLC acquired a new stake worth approximately $26,000, while TD Capital Management LLC bought shares worth around $28,000. has been a hot topic in the stock market lately, with several large investors recently buying and selling shares of the company. in the Spotlight with Strong Q1 EarningsĪdobe Inc. Show more Investors and Insiders Take Notice: Adobe Inc. In conclusion, all signs point towards Adobe meeting and exceeding investor expectations in the years to come as a leading provider of digital marketing and media solutions. Moreover, considering aspects such as P/E ratio which stands at about 42 times earnings making it one of the most profitable companies out there along with P/E/G which is seen as being low currently suggesting that investors may expect high returns going forward due to lower expectations over earnings health – Adobe looks like an attractive choice for investors looking for a diverse range of investment opportunities. 26, current ratio reaching 1.12 and quick ratio reaching even higher per range calculations- it is clear that Adobe is headed towards a financially secure future capitalization-wise with its market cap already sitting steadily at $198 billion currently. With debt-to-equity ratio standing at just. However, despite this recent surge in price for the software company’s stock, Adobe has experienced both highs and lows throughout the past fiscal year with values ranging from $274.73 at a 52-week low to $451.15 at a 52-week high respectively. This surge marks a big development for investors as compared to the average volume of 3,047,801 shares traded while providing stability within the market. The company’s Digital Media segment offers an array of creative cloud services like Adobe Photoshop, Premiere Pro and InDesign that allow customers to access the latest versions of these products along with other tools like Adobe Acrobat.Īt present, ADBE stock is experiencing significant growth with prices surging up $6.99 per share during mid-day trading on Friday and reaching a value of $433.74 per share. The move comes after Martingale Asset Management L P reduced its holdings by selling 88,250 shares from its total ownership of 28,531 shares in Adobe.Īdobe Inc., a leading provider of digital marketing and media solutions worldwide, operates through three distinct segments – Digital Media, Digital Experience and Publishing and Advertising. (NASDAQ:ADBE) during the fourth quarter of the financial year 2021. ![]() ![]() Martingale Asset Management L P, a prominent player in the investment world, has recently announced that it has sold 75.6% of its stake in Adobe Inc. ![]()
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