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April 3, 2014
15:08 EDTADBEAdobe trades lower after insiders sell shares
Shares of software company Adobe (ADBE) are trading significantly lower today after insiders reported selling their shares of the stock. WHAT'S NEW: In regulatory filings last night, four Adobe insiders reported share sales. Co-chairman Charles Geschke, CEO Shantanu Narayen, CFO Mark Garrett, and general manager David Wadhwani all sold shares in Adobe this past week. RECENT ANALYST ACTIONS: On March 19, Stern Agee raised its price target on Adobe to $80 from $70. The firm noted that Adobe reported very good first quarter results. The firm said it expects the company's Creative Cloud momentum to enable its market share to increase going forward. Sterne Agee kept a Buy rating on the stock. On March 21, Argus increased its price target on Adobe to $81 from $71 after the company reported stronger than expected Q1 results. The firm kept a Buy rating on the shares. PRICE ACTION: Shares of Adobe traded at a 52-week high of $71.11 on February 28 and reported first quarter earnings on March 18 that handily beat estimates. Shares of Adobe are lower by almost 5% in afternoon trading to $62.33.
News For ADBE From The Last 14 Days
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October 21, 2014
07:07 EDTADBEMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
06:40 EDTADBEForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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06:08 EDTADBEAdobe and Nielsen announce strategic alliance
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October 15, 2014
11:47 EDTADBEPublicis acquires 3 Share, financial terms not disclosed
After recently forming a partnership with Adobe (ADBE), Publicis (PUBGY) announces the acquisition of 3 SHARE. Based in San Diego, 3 SHARE is a partner in Adobe's Business Plus Level Solutions. 3 SHARE will operate as part of DigitasLBi.

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