Currently, there are 455.00M common shares owned by the public and among those 448.94M shares have been available to trade.
Insiders at the company have transacted a total of 230 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 108 of these insider trades were purchases, accounting for 82,862 shares. Insider sales of the common stock occurred on 122 occasions, with total insider shares sold totaling 128,669 shares.
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However, the script later moved the day high at 545.83, down -0.87%. The company’s stock has a 5-day price change of -11.43% and -9.99% over the past three months. ADBE shares are trading -9.17% year to date (YTD), with the 12-month market performance up to 48.40% higher. It has a 12-month low price of $318.60 and touched a high of $638.25 over the same period. ADBE has an average intraday trading volume of 2.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.41%, -10.04%, and 1.93% respectively.
Institutional ownership of Adobe Inc (NASDAQ: ADBE) shares accounts for 83.43% of the company’s 455.00M shares outstanding.
It has a market capitalization of $244.94B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 45.85, while the earnings-per-share (ttm) stands at $11.82. The company has a PEG of 3.20 and a Quick Ratio of 1.34 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 2.67% over the month.
Analysts forecast that Adobe Inc (ADBE) will achieve an EPS of $Arbe Robotics Ltd. for the current quarter, $1.81 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $ADS-TEC ENERGY PLC while analysts give the company a high EPS estimate of $ADME. Comparatively, EPS for the current quarter was $Invesco DB Energy Fund a year ago. Earnings per share for the fiscal year are expected to increase by 11.51%, and 13.20% over the next financial year. EPS should shrink at an annualized rate of 14.32% over the next five years, compared to 17.86% over the past 5-year period.
Looking at the support for the ADBE, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Underperform rating for the stock in a research note on January 18, 2024, with the firm’s price target at $499. BMO Capital Markets was of a view on December 08, 2023 that the stock is Outperform, while Oppenheimer gave the stock Outperform rating on October 26, 2023, issuing a price target of $660. DA Davidson on their part issued Buy rating on October 26, 2023.
