Adobe Inc. $ADBE Shares Sold by Allworth Financial LP

Allworth Financial LP reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,477 shares of the software company’s stock after selling 2,905 shares during the quarter. Allworth Financial LP’s holdings in Adobe were worth $3,317,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP bought a new position in Adobe during the 4th quarter valued at $26,000. Caitlin John LLC bought a new position in Adobe during the 3rd quarter valued at $28,000. Beacon Financial Strategies CORP bought a new position in Adobe during the 4th quarter valued at $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Adobe during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 77,091 shares of company stock valued at $18,782,773. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of research analyst reports. Piper Sandler reduced their target price on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group cut their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup reiterated a “neutral” rating on shares of Adobe in a report on Friday, April 10th. Finally, Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the stock an “outperform” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $338.15.

Adobe Stock Up 4.5%

Shares of ADBE opened at $247.60 on Friday. The stock has a market cap of $100.08 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 0.97 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company has a 50-day moving average price of $247.93 and a two-hundred day moving average price of $290.83.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company posted $5.08 EPS. Adobe’s revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe declared that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.