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Abhay Parasnis Biography and Net Worth

EVP of Adobe

Abhay Parasnis is Adobe’s Chief Technology Officer and Chief Product Officer for Adobe, one of the largest and most diversified software companies in the world.

Continuous reinvention and innovation are at the core of Adobe’s culture. As CTO, Parasnis is charged with setting vision, technology strategy and driving the overall product engineering and data science agenda across the company’s entire portfolio. Abhay also oversees Adobe Research and its impact in areas such as artificial intelligence (AI), machine learning (ML), immersive media, document intelligence and analytics. He spearheads Adobe’s AI transformation through its pioneering work with Adobe Sensei, the magic powering intelligent capabilities behind the world's best digital experiences.

In addition to his CTO charter, as Chief Product Officer, Abhay is responsible for extending and accelerating Adobe’s leadership from product vision to delivery for Document Cloud, including Acrobat desktop, mobile and Web, frictionless services for developers, DC platform, and Adobe Sign.

Before joining Adobe in 2015, Abhay spent a decade at Microsoft in various leadership positions driving strategic platform initiatives and consumer technologies for the company. He has also held senior leadership positions at several major technology companies, including Oracle, i2 and IBM. He has contributed to 25 patents.

When Abhay is not at Adobe, you might find him pursuing landscape photography, which has inspired breakthrough ideas such as Photoshop Camera.

What is Abhay Parasnis' net worth?: The estimated net worth of Abhay Parasnis is at least $17.26 million as of June 14th, 2021. Mr. Parasnis owns 36,455 shares of Adobe stock worth more than $17,259,255 as of April 25th. This net worth estimate does not reflect any other investments that Mr. Parasnis may own. Learn More about Abhay Parasnis' net worth.
How do I contact Abhay Parasnis?: The corporate mailing address for Mr. Parasnis and other Adobe executives is 345 PARK AVE, SAN JOSE CA, 95110. Adobe can also be reached via phone at (408) 536-6000 and via email at [email protected]. Learn More on Abhay Parasnis' contact information.
Has Abhay Parasnis been buying or selling shares of Adobe?: Abhay Parasnis has not been actively trading shares of Adobe in the last ninety days. Most recently, Abhay Parasnis sold 4,000 shares of the business's stock in a transaction on Monday, June 14th. The shares were sold at an average price of $549.00, for a transaction totalling $2,196,000.00. Following the completion of the sale, the executive vice president now directly owns 36,455 shares of the company's stock, valued at $20,013,795. Learn More on Abhay Parasnis' trading history.
Who are Adobe's active insiders?: Adobe's insider roster includes Amy Banse (Director), Scott Belsky (EVP), Anil Chakravarthy (Insider), Gloria Chen (EVP), Michael Dillon (EVP), Daniel Durn (CFO), Mark Garfield (CAO), Mark Garrett (CFO), Marshall Kiev (CEO), Bryan Lamkin (EVP), Ann Lewnes (CMO), Donna Morris (EVP), John Murphy (CFO), Shantanu Narayen (CEO), Abhay Parasnis (EVP), Dana Rao (EVP), Bradley Rencher (EVP), David Ricks (Director), David Wadhwani (Insider), John Warnock (Director), and John Warnock (Director). Learn More on Adobe's active insiders.
Are insiders buying or selling shares of Adobe?: In the last year, Adobe insiders bought shares 2 times. They purchased a total of 55 shares worth more than $28,185.45. In the last year, insiders at the software company sold shares 21 times. They sold a total of 96,274 shares worth more than $50,843,813.18. The most recent insider tranaction occured on April, 25th when CAO Mark S Garfield sold 97 shares worth more than $45,435.77. Insiders at Adobe own 0.2% of the company. Learn More about insider trades at Adobe.
Information on this page was last updated on 4/25/2024.

Abhay Parasnis Insider Trading History at Adobe

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
6/14/2021	Sell	4,000	$549.00	$2,196,000.00	36,455
4/15/2021	Sell	4,000	$524.00	$2,096,000.00	39,746
2/10/2021	Sell	4,000	$499.17	$1,996,680.00	43,746
7/24/2018	Sell	10,500	$260.01	$2,730,105.00
7/21/2017	Sell	12,500	$149.38	$1,867,250.00

Abhay Parasnis Buying and Selling Activity at Adobe

Adobe Company Overview

Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, students, workers, marketers, educators, enthusiasts, and communicators. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. It also provides consulting, technical support, and learning services. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

Today's Range

Now: $473.44

$465.78

$474.50

50 Day Range

MA: $516.72

$465.02

$579.14

2 Week Range

Now: $473.44

$331.89

$638.25

Volume

2,245,608 shs

Average Volume

3,510,927 shs

Market Capitalization

$212.10 billion

P/E Ratio

45.26

Dividend Yield

N/A

Beta

1.28