The Insider Activity Report For Adobe Inc. (ADBE): Who’s Selling?

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Adobe Inc. (NASDAQ:ADBE) finished Thursday with an addition of $0.76 to close at $287.06, an upside of 0.27 percent. An average of 7,732,160 shares of common stock have been traded in the last five days. There was a fall of -$22.07 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 5,294,430 shares traded, while the 50-day average volume stands at 3,433,684.

ADBE stock has decreased by -30.06% in the last month. The company shares reached their 1-month lowest point of $280.06 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $286.22 and a high of $699.54 in 52 weeks. It has reached a new high 1 time so far this year and lost -49.38% or -$280.00 in price. In spite of this, the price is down -58.96% from the 52-week high.


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Insider Transactions

4 days have passed since Adobe Inc. (ADBE) last reported insider trading activity. Garfield Mark S., who is SVP, CAO & Corp. Controller, most recently acquired $132 shares at $294.54 per share on Sep 19. In this transaction, the insider spent $38,879. EVP, CMO, Corp Strategy & Dev, Lewnes Ann, disposed of 794 shares at a price of $400.00 on Jul 28. The insider now owns more than $317,600 worth of shares. Prior to that, EVP, CPO, Creative Cloud Belsky Scott went on to Sale 2,711 shares at $393.58 each on Jul 26. An amount of $1,066,995 was transacted.

Valuation Metrics

Adobe Inc. (ADBE) has a trailing price-to-earnings (P/E) ratio of 28.31. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.07, the price-to-book (PB) ratio at 9.69, and the price-to-cash flow ratio at 20.28.

Financial Health

The quick ratio of Adobe Inc. for the three months ended May 30 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.30 for the quarter ending May 30. Its gross profit as reported stood at $13.92 billion compared to revenue of $15.79 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Adobe Inc.’s return on assets was 18.30%.

Earnings Surprise

For the three-month period that ended May 30, Adobe Inc. had $1.93 billion in cash and short-term investments compared to $3.63 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.18 billion in the quarter, while revenues of $1.27 billion were grew 5.26%. The analyst consensus anticipated Adobe Inc.’s latest quarter earnings to come in at $3.31 per share, but it turned out to be $3.35, a 1.20% surprise.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Adobe Inc. (ADBE) price momentum. RSI 9-day as of the close on 22 September was 15.41%, suggesting the stock is oversold, with historical volatility in this time frame at 86.41%.

As of today, ADBE’s price is $292.00 -7.14% or -$22.07 from its 5-day moving average. ADBE is currently trading -29.23% lower than its 20-day SMA and -27.50% lower than its 100-day SMA. However, the stock’s current price level is -22.82% below the SMA50 and -53.85% below the SMA200.

The stochastic %K and %D were 3.03% and 3.30%, respectively, and the average true range (ATR) was 15.05. With the 14-day stochastic at 6.02% and the average true range at 14.61, the RSI (14) stands at 20.39%. The stock has reached -34.68 on the 9-day MACD Oscillator while the 14-day reading was at -54.71.

Analyst Ratings

MoffettNathanson launched coverage on Adobe Inc. (NASDAQ: ADBE) in its analyst report released on September 22, 2022. The firm assigned the stock a Hold rating. The consensus rating for Adobe Inc. (ADBE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ADBE, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.

What is ADBE’s price target for the next 12 months?

Analysts predict a range of price targets between $310.00 and $540.00, with a median target of $356.50. Taking a look at these predictions, the average price target given by analysts for Adobe Inc. (ADBE) stock is $377.11.

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