On October 25, 2023, Scott Belsky, Chief Strategy Officer & EVP of Adobe Inc (ADBE, Financial), sold 2,755 shares of the company. This move comes as part of a series of insider transactions that have taken place over the past year.
Scott Belsky is a key figure at Adobe Inc, serving as the Chief Strategy Officer and Executive Vice President. He is responsible for shaping the strategic direction of the company and overseeing key business operations. Belsky's role is crucial in driving Adobe's growth and maintaining its position as a leading software company.
Adobe Inc is a multinational computer software company headquartered in San Jose, California. It is known for its creative, marketing, and document solutions that empower everyone – from emerging artists to global brands – to bring digital creations to life and deliver immersive, compelling experiences to the right person at the right moment for the best results.
Over the past year, the insider has sold a total of 11,615 shares and purchased 0 shares. This recent sale of 2,755 shares is part of this larger trend.
The insider transaction history for Adobe Inc shows a total of 1 insider buy and 22 insider sells over the past year. This suggests a trend towards insider selling, which could be indicative of the insider's outlook on the company's future performance.
On the day of the insider's recent sale, shares of Adobe Inc were trading for $541.39 apiece, giving the company a market cap of $234.13 billion. The price-earnings ratio stands at 46.29, higher than the industry median of 25.41 but lower than the company’s historical median price-earnings ratio.
With a price of $541.39 and a GuruFocus Value of $563.42, Adobe Inc has a price-to-GF-Value ratio of 0.96. This suggests that the stock is fairly valued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus. It is calculated based on historical multiples that the stock has traded at, a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
The insider's recent sale, coupled with the company's current valuation, suggests that the insider may believe the stock is fairly valued at its current price. However, investors should always conduct their own research and consider other factors before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
