Director at Adobe is Selling Shares

By George MacDonald

Today, director at Adobe, Valueact Holdings, L.P., sold stocks of ADBE for $25.43M.

Following L.P.’s last ADBE Sell transaction on December 29, 2014, the stock climbed by 7.2%. In addition to L.P., 5 other ADBE executives reported Sell trades in the last month.

Based on Adobe`s latest earnings report from May 31, the company posted quarterly revenue of $1.16B and quarterly net profit of $147.5M. In comparison, last year the company earned revenue of $1.07B and had a net profit of $88.53M. The company has a one year high of $84.36 and a one year low of $58.51. ADBE’s market cap is $40.45B and the company has a P/E ratio of 112.8%.

5 different firms, including Wunderlich and FBR Capital, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $86.40, reflecting a -6.2% downside.

Looking at blogger coverage of ADBE, there is a 68% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

In the last 30 days, insiders have sold $29.38M worth of ADBE shares and purchased $863k worth of ADBE shares. Over the last 3 months, the insider sentiment on Adobe has been neutral based on 108 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.