Adobe Inc (NASDAQ: ADBE) is -9.23% lower on its value in year-to-date trading and has touched a low of $374.50 and a high of $587.75 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 $394.47 in the last trading session, with the day’s gains setting it 9.17%.
Currently trading at $403.64, the stock is -3.70% and -6.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing 2.32% at the moment leaves the stock -18.48% off its SMA200. ADBE registered -21.05% loss for a year compared to 6-month loss of -22.72%. The firm has a 50-day simple moving average (SMA 50) of $432.3234 and a 200-day simple moving average (SMA200) of $495.1318.
The stock witnessed a -9.18% gain in the last 1 month and extending the period to 3 months gives it a -7.72%, and is 3.14% 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 2.29% over the week and 2.79% over the month.
Adobe Inc (ADBE) has around 30709 employees, a market worth around $175.54B and $22.04B in sales. Current P/E ratio is 26.57 and Fwd P/E is 17.65. Profit margin for the company is 30.63%. Distance from 52-week low is 7.78% and -31.32% from its 52-week high. The company has generated returns on investments over the last 12 months (34.47%).
The EPS is expected to grow by 10.66% this year.
Adobe Inc (ADBE) Top Institutional Holders
3895.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 85.82% of the company’s shares. The shares outstanding are 434.90M, and float is at 433.44M with Short Float at 1.77%. Institutions hold 85.63% 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 purchase by Durn Daniel, the company’s EVP & CFO. SEC filings show that Durn Daniel bought 1,300 shares of the company’s common stock on Mar 20 ’25 at a price of $390.58 per share for a total of $0.51 million. Following the purchase, the insider now owns 29876.0 shares.
Adobe Inc disclosed in a document filed with the SEC on Jan 28 ’25 that Ricks David A (Director) bought a total of 2,250 shares of the company’s common stock. The trade occurred on Jan 28 ’25 and was made at $443.98 per share for $1.0 million. Following the transaction, the insider now directly holds 4984.0 shares of the ADBE stock.
Still, SEC filings show that on Jan 28 ’25, Forusz Jillian (Officer) Proposed Sale 334 shares at an average price of $435.83 for $0.15 million. The insider now directly holds shares of Adobe Inc (ADBE).
