Home Innovation Adobe Adobe’s SVP sells $145,5...
Adobe
Business Fortune
30 January, 2025
Adobe's Chief Accounting Officer and Senior Vice President Jillian Forusz recently sold 334 shares of the company's ordinary stock. At an average price of $435.83, the shares were sold for around $145,567.
The deal occurred because management had been aggressively repurchasing shares, and Adobe, presently valued at $192.8 billion, was sending out conflicting signals. Forusz carried several transactions involving common stock and restricted stock units in addition to the sale. Through the exercise of restricted stock units, Forusz obtained 380 shares of common stock on January 24, 2025; however, no money was exchanged in these transactions. To pay taxes associated with the vesting of restricted stock units, she additionally gave up 141 shares for $435.38 each.
Analysts have made a number of changes to Adobe Inc. in response to its Q4 results announcement. The company's overall sales of $5.61 billion were a 10.91% increase over the previous 12 months and above the Street's forecast of $5.37 billion. The revenue projection for the entire year, however, was less than anticipated.
Recent analyst comments have focused on the company's move away from immediate monetization attempts and toward the use of artificial intelligence. Additionally, Shantanu Narayen, the CEO of Adobe, showed faith in the company's worth and inventiveness, especially when it comes to artificial intelligence.