Adobe Inc. (NASDAQ:ADBE – Get Free Report) CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Adobe Stock Up 1.0%
NASDAQ:ADBE opened at $246.10 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $99.47 billion, a PE ratio of 14.33, a PEG ratio of 0.95 and a beta of 1.52. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $422.95. The stock has a 50-day simple moving average of $250.36 and a 200 day simple moving average of $297.20.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the company earned $5.08 earnings per share. Adobe’s quarterly 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. On average, sell-side analysts expect that Adobe Inc. will post 19.14 EPS for the current fiscal year.
Analysts Set New Price Targets
ADBE has been the subject of several recent research reports. BTIG Research initiated coverage on Adobe in a research report on Monday, April 13th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research report on Friday, March 13th. UBS Group reduced their price target on Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. KeyCorp reduced their price target on Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $338.15.
Read Our Latest Stock Analysis on ADBE
Institutional Trading of Adobe
A number of hedge funds have recently made changes to their positions in the business. CX Institutional grew its position in Adobe by 72.9% during the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after acquiring an additional 11,769 shares during the last quarter. Wright Investors Service Inc. grew its position in Adobe by 114.4% during the 3rd quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the last quarter. Federated Hermes Inc. grew its position in Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after acquiring an additional 583,275 shares during the last quarter. Willis Investment Counsel grew its position in Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after acquiring an additional 23,671 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Adobe by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after acquiring an additional 32,448 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.
Key Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Recent earnings and guidance beat underpin confidence in growth and margin sustainability; analysts cite the Q1 outperformance as a near‑term catalyst. Why Adobe Systems (ADBE) Outpaced the Stock Market Today
- Positive Sentiment: Management announced a $25 billion share buyback — a significant capital return that supports EPS and signals confidence from the board. Should You Buy Adobe Stock After the Company’s $25 Billion Share Repurchase Announcement?
- Positive Sentiment: Product and partnership momentum around AI: Firefly went public and Adobe integrations with Claude/third‑party creative tools expand addressable market and stickiness for Creative Cloud/Enterprise customers. Adobe Firefly AI is now live publicly, hoping you’ll talk to an AI and get work done
- Neutral Sentiment: Trading/strategies commentary highlights elevated option activity and macro positioning; useful for traders but less likely to change fundamentals. Adobe Stock: Transform $200 Risk Into An $800 Return With A Butterfly Trade
- Negative Sentiment: CEO Shantanu Narayen sold 75,000 shares (disclosed Apr. 28) — an executive sale that can spook some investors even if it’s pre‑planned or for diversification. Shantanu Narayen Insider Sale Filing
- Negative Sentiment: Legal risk: an investor lawsuit alleges copyright issues around AI training — potential reputational, regulatory and litigation exposure that could pressure the stock if escalated. Adobe Investor Sues Board Over AI Training Copyright Accusations
Adobe Company 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.
Further Reading
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