EVP, CFO & Asst. Secretary of Adobe Systems Inc (ADBE) Mark Garrett sells 121,324 shares of ADBE on 12/28/2012 at an average price of $37.14 a share.

Adobe Systems Inc has a market cap of $18.27 billion; its shares were traded at around $37.52 with a P/E ratio of 19.3 and P/S ratio of 4.2.

CFO Recent Trades:

• EVP, CFO & Asst. Secretary Mark Garrett sold 121,324 shares of ADBE stock on 12/28/2012 at the average price of 37.14. Mark Garrett owns at least 101,535 shares after this. The price of the stock has increased by 1.02% since.

This is the insider trade history vs. stock price of ADBE. For the complete insider trading history of ADBE, click here.

Directors and Officers Recent Trades:

• SVP, Digital Marketing BU Bradley Rencher sold 18,308 shares of ADBE stock on 12/28/2012 at the average price of 37.24. Bradley Rencher owns at least 11,882 shares after this. The price of the stock has increased by 0.75% since.
• SVP, Digital Media BU David Wadhwani sold 54,330 shares of ADBE stock on 12/24/2012 at the average price of 37.37. David Wadhwani owns at least 13,708 shares after this. The price of the stock has increased by 0.4% since.
• Director Robert Sedgewick sold 50,000 shares of ADBE stock on 12/19/2012 at the average price of 38.14. Robert Sedgewick owns at least 59,261 shares after this. The price of the stock has decreased by 1.63% since.
• Director James E Daley sold 56,400 shares of ADBE stock on 12/19/2012 at the average price of 37.42. James E Daley owns at least 8,000 shares after this. The price of the stock has increased by 0.27% since.
• CTO, SVP Experience&Technology Kevin M Lynch sold 250,000 shares of ADBE stock on 12/17/2012 at the average price of 37.21. Kevin M Lynch owns at least 49,160 shares after this. The price of the stock has increased by 0.83% since.

For the complete insider trading history of ADBE, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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