Adobe Inc (NASDAQ: ADBE) is -0.41% lower on its value in year-to-date trading and has touched a low of $403.75 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 $438.60 in the last trading session, with the day’s gains setting it 4.24%.
Currently trading at $442.84, the stock is 2.85% and -6.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing 0.97% at the moment leaves the stock -11.99% off its SMA200. ADBE registered -28.87% loss for a year compared to 6-month loss of -18.36%. The firm has a 50-day simple moving average (SMA 50) of $471.969 and a 200-day simple moving average (SMA200) of $503.17676.
The stock witnessed a -1.14% gain in the last 1 month and extending the period to 3 months gives it a -8.29%, and is 1.49% up 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 2.23% over the week and 2.09% over the month.
Adobe Inc (ADBE) has around 30709 employees, a market worth around $192.77B and $21.50B in sales. Current P/E ratio is 35.69 and Fwd P/E is 19.21. Profit margin for the company is 25.85%. Distance from 52-week low is 9.68% and -30.62% from its 52-week high. The company has generated returns on investments over the last 12 months (29.91%).
with sales reaching $5.66B over the same period.The EPS is expected to grow by 10.82% this year, but quarterly earnings will post 9.42% year-over-year. Quarterly sales are estimated to grow 9.27% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3835.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 85.84% of the company’s shares. The shares outstanding are 441.00M, and float is at 433.89M with Short Float at 2.01%. Institutions hold 85.66% 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
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Adobe Inc disclosed in a document filed with the SEC on Jan 27 ’25 that Belsky Scott (Chief Strategy Officer & EVP) sold a total of 3,819 shares of the company’s common stock. The trade occurred on Jan 27 ’25 and was made at $430.24 per share for $1.64 million. Following the transaction, the insider now directly holds 18334.0 shares of the ADBE stock.
Still, SEC filings show that on Jan 24 ’25, Belsky Scott (Chief Strategy Officer & EVP) disposed off 922 shares at an average price of $437.28 for $0.4 million. The insider now directly holds 22,153 shares of Adobe Inc (ADBE).
