Adobe Inc. (NASDAQ:ADBE - Get Free Report) CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares of the company's stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Daniel Durn also recently made the following trade(s):
- On Tuesday, January 27th, Daniel Durn sold 1,646 shares of Adobe stock. The stock was sold at an average price of $294.85, for a total value of $485,323.10.
Adobe Stock Up 3.5%
NASDAQ:ADBE opened at $255.94 on Thursday. The company has a market capitalization of $103.45 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The stock has a 50-day simple moving average of $252.69 and a 200 day simple moving average of $301.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.
Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 EPS for the quarter, topping analysts' consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm earned $5.08 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.
Adobe declared that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
ADBE has been the topic of a number of recent research reports. Barclays cut shares of Adobe from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $335.00 to $275.00 in a report on Friday, March 13th. BTIG Research initiated coverage on shares of Adobe in a report on Monday, April 13th. They issued a "neutral" rating on the stock. KeyCorp cut their target price on shares of Adobe from $310.00 to $235.00 and set an "underweight" rating on the stock in a report on Friday, March 13th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Finally, William Blair cut shares of Adobe from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $339.88.
View Our Latest Stock Analysis on ADBE
Adobe News Summary
Here are the key news stories impacting Adobe this week:
Institutional Investors Weigh In On Adobe
Hedge funds have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the third quarter valued at approximately $26,000. Western Pacific Wealth Management LP bought a new stake in shares of Adobe during the fourth quarter valued at approximately $26,000. Caitlin John LLC bought a new stake in shares of Adobe during the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new stake in shares of Adobe during the fourth quarter valued at approximately $28,000. Finally, TrustBank bought a new stake in shares of Adobe during the fourth quarter valued at approximately $28,000. Institutional investors own 81.79% of the company's stock.
About Adobe
(
Get Free Report)
Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.
The company's core offerings are organized around digital media and digital experience.
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