Adobe Inc (NASDAQ: ADBE) is -17.10% lower on its value in year-to-date trading and has touched a low of $332.01 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 $367.72 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $368.62, the stock is 3.06% and -7.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing 0.24% at the moment leaves the stock -22.65% off its SMA200. ADBE registered -22.74% loss for a year compared to 6-month loss of -24.00%. The firm has a 50-day simple moving average (SMA 50) of $397.68 and a 200-day simple moving average (SMA200) of $476.5383.
The stock witnessed a -6.95% gain in the last 1 month and extending the period to 3 months gives it a -15.96%, and is 7.40% 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 2.52% over the week and 3.57% over the month.
Adobe Inc (ADBE) has around 30709 employees, a market worth around $157.11B and $22.04B in sales. Current P/E ratio is 24.28 and Fwd P/E is 16.16. Profit margin for the company is 30.63%. Distance from 52-week low is 11.03% and -37.28% from its 52-week high. The company has generated returns on investments over the last 12 months (34.47%).
with sales reaching $5.8B over the same period.The EPS is expected to grow by 10.55% this year, but quarterly earnings will post 9.12% year-over-year. Quarterly sales are estimated to grow 9.20% in year-over-year returns.
Adobe Inc (ADBE) Top Institutional Holders
3815.0 institutions hold shares in Adobe Inc (ADBE), with institutional investors hold 87.31% of the company’s shares. The shares outstanding are 435.00M, and float is at 425.13M with Short Float at 2.70%. Institutions hold 87.11% 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 Mar 20 ’25 that Durn Daniel (EVP & CFO) bought a total of 1,300 shares of the company’s common stock. The trade occurred on Mar 20 ’25 and was made at $390.58 per share for $0.51 million. Following the transaction, the insider now directly holds 29876.0 shares of the ADBE stock.
Still, SEC filings show that on Jan 28 ’25, Ricks David A (Director) acquired 2,250 shares at an average price of $443.98 for $1.0 million. The insider now directly holds 4,984 shares of Adobe Inc (ADBE).
