Tuesday, October 24, 2017 10:15 PM ET
Insider at Adobe Systems (ADBE) Makes Significant Sale of Stock
A SEC filing today indicated a substantial insider sale of Adobe Systems shares as — Dr John E Warnock, Director — disposed of 6,800 shares in the company having a market value of approximately $1,184,527. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 5,859 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 12,659 shares and have averaged 6,330 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Adobe Systems is below its 31-company peer group average. The Application Software peer group saw 103 buy/sell trades during this period for an average of 3.3 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 3,424 shares purchased and 1,952,520 shares sold with company insiders selling 18,923 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
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