ADBE - Chief Strategy Officer & EVP At Adobe Sells $1.11M Of Stock | Benzinga
Scott Belsky, Chief Strategy Officer & EVP at Adobe (NASDAQ:ADBE), reported an insider sell on March 29, according to a new SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Friday, Belsky sold 2,710 shares of Adobe. The total transaction value is $1,111,587.
As of Friday morning, Adobe shares are up by 0.04%, currently priced at $504.6.
Delving into Adobe's Background
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Breaking Down Adobe's Financial Performance
Revenue Growth: Adobe's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 11.32%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company ...