ADBE - Insider Selling: Scott Belsky Unloads $865K Of Adobe Stock | Benzinga
It was reported on March 29, that Scott Belsky, Chief Strategy Officer & EVP at Adobe (NASDAQ:ADBE) executed a significant insider sell, according to an SEC filing.
What Happened: Belsky's recent Form 4 filing with the U.S. Securities and Exchange Commission on Friday unveiled the sale of 2,711 shares of Adobe. The total transaction value is $865,134.
In the Friday's morning session, Adobe's shares are currently trading at $504.6, experiencing a up of 0.04%.
Unveiling the Story Behind Adobe
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).
Adobe's Financial Performance
Revenue Growth: Over the 3 months period, Adobe showcased positive performance, achieving a revenue growth rate of 11.32% as of 29 February, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the ...