Adobe (NASDAQ:ADBE) Shares Unloaded Rep. Dan Newhouse

Representative Dan Newhouse (Republican-Washington) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $234.74 on Tuesday. The firm has a market capitalization of $93.31 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Adobe Inc. has a one year low of $190.12 and a one year high of $376.16. The company’s fifty day moving average price is $228.35 and its 200-day moving average price is $254.68.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the business posted $5.06 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Adobe

A number of hedge funds and other institutional investors have recently bought and sold shares of ADBE. Regent Peak Wealth Advisors LLC grew its stake in shares of Adobe by 32.8% in the second quarter. Regent Peak Wealth Advisors LLC now owns 1,130 shares of the software company’s stock worth $232,000 after acquiring an additional 279 shares during the last quarter. Tema ETFs LLC boosted its stake in Adobe by 20.7% in the 2nd quarter. Tema ETFs LLC now owns 8,198 shares of the software company’s stock worth $1,681,000 after purchasing an additional 1,407 shares in the last quarter. Haven Capital Group Inc. grew its position in Adobe by 77.8% during the 2nd quarter. Haven Capital Group Inc. now owns 11,398 shares of the software company’s stock valued at $2,337,000 after purchasing an additional 4,988 shares during the last quarter. Fiduciary Financial Group LLC bought a new stake in Adobe during the 2nd quarter valued at about $201,000. Finally, Peoples Bank KS increased its stake in Adobe by 9.9% during the 2nd quarter. Peoples Bank KS now owns 2,150 shares of the software company’s stock valued at $441,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ADBE. Bank of America reissued an “underperform” rating and issued a $190.00 target price on shares of Adobe in a research note on Tuesday, July 7th. Piper Sandler cut their price objective on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. BMO Capital Markets decreased their target price on Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, June 12th. BTIG Research assumed coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $271.30.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Morgan Stanley downgraded Adobe and Salesforce, helping push Adobe shares down about 4% in pre-market trading as investors reacted to a more cautious view on the software group. Adobe (ADBE) and Salesforce (CRM) Stocks Are Falling in Pre-Market Trading Today. Here’s Why
• Negative Sentiment: Investor attention is also on CEO Shantanu Narayen’s sale of about 4,112 Adobe shares for roughly $923,000, which can add to caution even though the transaction was relatively small compared with his remaining stake. Here’s What the Adobe CEO’s Sale of Company Shares for Over $900,000 Means for Investors.
• Neutral Sentiment: Adobe continues to draw interest as a leading digital media stock, and some commentary still points to the company’s valuation and fundamentals as supportive, but these notes are not strong enough to offset the current bearish trading pressure. Here’s Why Adobe Systems (ADBE) is a Strong Value Stock
• Neutral Sentiment: Adobe’s new AI features for its Project Indigo camera app show ongoing product innovation, but the news is more about long-term product development than an immediate stock-moving catalyst. Adobe camera app’s new feature will critique your photos using AI

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.