Adobe Inc. $ADBE Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,182 shares of the software company’s stock after selling 2,424 shares during the quarter. Cannell & Spears LLC’s holdings in Adobe were worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the 3rd quarter worth about $26,000. Western Pacific Wealth Management LP purchased a new stake in Adobe during the fourth quarter worth approximately $26,000. TrustBank purchased a new stake in Adobe during the fourth quarter worth approximately $28,000. Marquette Asset Management LLC boosted its holdings in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in Adobe in the fourth quarter valued at approximately $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: TipRanks said Adobe looks attractive despite ongoing AI adoption worries, suggesting investors may be focusing on valuation and long-term fundamentals rather than short-term AI fears. Adobe (ADBE) Stock Looks Attractive Even as AI Worries Persist
• Positive Sentiment: CLSA reportedly initiated or reiterated a Moderate Buy rating on Adobe, which can support sentiment by signaling analyst confidence in the stock’s outlook. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Positive Sentiment: Recent coverage highlighted Adobe as a trending stock, which may reflect renewed investor attention and interest ahead of future catalysts. Here is What to Know Beyond Why Adobe Inc. (ADBE) is a Trending Stock
• Neutral Sentiment: One report said short interest in Adobe was unchanged at zero shares, so it does not indicate meaningful bearish pressure or a change in trading sentiment.
• Neutral Sentiment: A MarketWatch note said Adobe underperformed some peers on Wednesday, but this looks like a relative-performance observation rather than a major company-specific catalyst. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: The main headwind remains investor concern about AI adoption, which could be weighing on Adobe’s near-term multiple even as some analysts argue the stock looks attractive.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm’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 transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Ricks acquired 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. HSBC raised shares of Adobe from a “hold” rating to a “buy” rating and raised their price objective for the stock from $282.00 to $308.00 in a report on Thursday, July 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $200.00 target price (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Wells Fargo & Company cut their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Bank of America reissued an “underperform” rating and issued a $190.00 price target on shares of Adobe in a research report on Tuesday, July 7th. Finally, Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Seven equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $271.30.

Adobe Price Performance

ADBE stock opened at $225.11 on Friday. The company has a market capitalization of $89.48 billion, a P/E ratio of 12.88, a PEG ratio of 0.76 and a beta of 1.43. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $376.16. The business has a 50 day simple moving average of $226.78 and a 200-day simple moving average of $251.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

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

Adobe announced that its board has authorized a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are 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.