The EVP of ADBE, Gloria Chen has already sold close to 43 shares of the company in a 25th May transaction. The average price of the company is $499.02, with the total transaction coming to $21.457.86. The EVP has ownership of over 11,504 shares of the company which has a total valuation of around $5.7 million. The documentation is stored with the SEC.
The Quarterly Estimates Of ADBE
The stocks of ADBE traded on Wednesday at $1.97. The year low of the company is $361.44, with the year high coming to $536.88. The market cap of the company is $242.37 billion, with a 44.10 PE ratio, and a 2.69 PEG ratio. The moving average price of the company over a period of 50 days is $500.08, with the moving average price of the company over 200 days is $480.44. The quick ratio of the company is 1.27, with a 0.30 debt-to-equity ratio.
ADBE previously reported their quarterly results in a 22nd March research report. The EPS reported by the company during this period was $3.14, with the EPS reported by the consensus estimate set at $2.79. The return on equity of the company is 36.30%, with a 40.68% net margin. The revenue generated by the company during this period was $3.91 billion, with the consensus estimate set at $3.76 billion.
Quite a few research equities have commented on the stocks of ADBE. Wolfe Research has already put up a rating of outperform with a price target of $650 in a 28th April research report. UBS Group has also reiterated their rating of buy in an 8th April research report. Morgan Stanley has also increased the price target of the company from $560 to $575 with a price rating of overweight in a 30th March research report. In the end, Jefferies Financial has reduced the price target of ADBE from $610 to $560 with a rating of buy in a Monday.
