Adobe (NASDAQ: ADBE) Executives are Making Moves with Their Shares

By Carrie Williams

Today, a Director at Adobe (NASDAQ: ADBE), John Warnock, sold shares of ADBE for $671.3K.

Following John Warnock’s last ADBE Sell transaction on April 02, 2018, the stock climbed by 14.7%.

Based on Adobe’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $2.08 billion and quarterly net profit of $583 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $398 million. The company has a one-year high of $231.34 and a one-year low of $129.11. Currently, Adobe has an average volume of 1.99M.

Based on 23 analyst ratings, the analyst consensus is Strong Buy with an average price target of $245.86, reflecting a -8.9% downside. Seven different firms, including B.Riley FBR and Goldman Sachs, currently also have a Sell rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ADBE with a $240 price target.

The insider sentiment on Adobe has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Warnock’s trades have generated a -25.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.