Adobe Inc (NASDAQ: ADBE) is -17.35% lower on its value in year-to-date trading and has touched a low of $433.97 and a high of $638.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADBE stock was last observed hovering at around $497.71 in the last trading session, with the day’s loss setting it -4.6%.
Currently trading at $493.11, the stock is -2.02% and -7.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing -0.92% at the moment leaves the stock -7.21% off its SMA200. ADBE registered -8.85% loss for a year compared to 6-month gain of 4.27%. The firm has a 50-day simple moving average (SMA 50) of $533.9174 and a 200-day simple moving average (SMA200) of $531.79706.
The stock witnessed a -6.58% loss in the last 1 month and extending the period to 3 months gives it a -7.14%, and is -2.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 2.03% over the month.
Adobe Inc (ADBE) has around 29945 employees, a market worth around $217.07B and $20.94B in sales. Current P/E ratio is 41.65 and Fwd P/E is 24.01. Profit margin for the company is 25.59%. Distance from 52-week low is 13.63% and -22.74% from its 52-week high. The company has generated returns on investments over the last 12 months (28.13%).
with sales reaching $5.54B over the same period.The EPS is expected to grow by 13.68% this year, but quarterly earnings will post 19.90% year-over-year. Quarterly sales are estimated to grow 19.10% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3766.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 87.28% of the company’s shares. The shares outstanding are 455.00M, and float is at 438.41M with Short Float at 1.48%. Institutions hold 87.09% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.03 million shares valued at $22.8 billion. The investor’s holdings represent 9.1386% of the ADBE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.57 million shares valued at $$21.43 billion to account for 8.5908 of the shares outstanding. The other top investors are STATE STREET CORP which holds 20.04 million shares representing 4.4622% and valued at over $11.13 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3121 of the shares totaling 10.38 million with a market value of $5.75 billion.
Adobe Inc (ADBE) Insider Activity
The most recent transaction is an insider sale by Belsky Scott, the company’s Chief Strategy Officer & EVP. SEC filings show that Belsky Scott sold 1,530 shares of the company’s common stock on Oct 15 ’24 at a price of $513.82 per share for a total of $0.79 million. Following the sale, the insider now owns 18831.0 shares.
Adobe Inc disclosed in a document filed with the SEC on Oct 16 ’24 that Belsky Scott (Chief Strategy Officer & EVP) sold a total of 703 shares of the company’s common stock. The trade occurred on Oct 16 ’24 and was made at $506.39 per share for $0.36 million. Following the transaction, the insider now directly holds 18128.0 shares of the ADBE stock.
Still, SEC filings show that on Oct 16 ’24, SCOTT K BELSKY (Officer) Proposed Sale 703 shares at an average price of $506.39 for $0.36 million. The insider now directly holds shares of Adobe Inc (ADBE).
