Yahoo Finance Insider Sale: Scott Belsky Sells 2,713 Shares of Adobe Inc (ADBE)
Chief Strategy Officer & Executive Vice President Scott Belsky sold 2,713 shares of Adobe Inc (NASDAQ:ADBE) on May 2, 2024, as reported in a recent SEC Filing. The shares were sold at a price of $474.3 each, totaling approximately $1,286,780.9.
Adobe Inc, a leader in digital media and digital marketing solutions, is known for products such as Photoshop, Acrobat, and the Adobe Marketing Cloud. The company's innovative solutions continue to dominate the creative software market, driving significant digital media content creation.
Over the past year, the insider has sold a total of 11,477 shares of the company and has not made any purchases. This recent transaction follows a pattern observed over the last year, where Adobe Inc has seen more insider selling than buying, with 21 insider sells and only 2 insider buys.
The stock's market cap stands at approximately $217.81 billion, reflecting its significant presence in the tech sector. Adobe Inc's price-earnings ratio is currently 46.48, which is above the industry median of 27.45.
According to the GF Value, the intrinsic value of Adobe Inc's stock is estimated at $580.19, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.82.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
This sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation.
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.
This article first appeared on GuruFocus.
