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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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August 25, 2015
09:59 EDTADBEOn The Fly: Analyst Upgrade Summary
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08:08 EDTADBEFireEye, Adobe among quality 'flushed out' tech names, says JPMorgan
JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.
06:18 EDTADBEAdobe upgraded to Outperform from Neutral at Baird
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