1,913 Shares in Adobe Inc. $ADBE Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,913 shares of the software company’s stock, valued at approximately $392,000.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Adobe during the 3rd quarter valued at $26,000. Western Pacific Wealth Management LP bought a new position in Adobe in the 4th quarter valued at $26,000. TrustBank purchased a new stake in Adobe in the fourth quarter worth $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Adobe during the fourth quarter worth $31,000. Finally, Sankala Group LLC bought a new stake in shares of Adobe during the fourth quarter worth $31,000. Institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Expanded Firefly AI capabilities: Adobe made Firefly’s AI-generated music, voiceovers, speech and sound-effects tools generally available. The production-oriented features could strengthen Adobe’s position in creative software, increase user engagement and create additional monetization opportunities. Adobe Firefly adds AI music, voiceovers and sound effects
• Positive Sentiment: Improving AI investor sentiment: Bank of America raised its price target for Adobe, citing the company’s potential to monetize artificial intelligence. This reflects growing optimism that Adobe’s broad creative and document ecosystem can benefit from AI demand. ServiceNow, Adobe, Workday stocks get BofA PT boost
• Positive Sentiment: Recovery thesis remains intact: Recent commentary highlights Adobe’s relatively low valuation, strong free-cash-flow generation and potential for a sustained recovery as its AI strategy develops. Another analysis describes the shares as undervalued despite the recent rally. Adobe: Strong Recovery Is Just Beginning
• Neutral Sentiment: AI strategy is still being evaluated: Adobe is broadening access to AI tools through a freemium approach and has paused price increases to expand its user base. The strategy may support double-digit recurring-revenue growth, but investors need proof that wider adoption will translate into durable paid revenue. Is Adobe Below Fair Value On Its Freemium AI Push?
• Negative Sentiment: Conflicting Bank of America signal: Although BofA increased its target from $190 to $220, it retained an “underperform” rating. The target remains below the prevailing share price, signaling concern that Adobe’s AI progress may not yet justify the stock’s recovery. Benzinga analyst update

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research analyst reports. DA Davidson cut their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Morgan Stanley lowered shares of Adobe from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $365.00 to $240.00 in a report on Tuesday, July 21st. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Stifel Nicolaus restated a “hold” rating and issued a $200.00 target price (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Finally, Freedom Capital lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $270.96.

Adobe Stock Performance

Shares of Adobe stock opened at $272.22 on Friday. The firm has a market cap of $108.21 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.92 and a beta of 1.40. 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 Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The stock’s fifty day moving average price is $231.18 and its 200-day moving average price is $244.78.

Adobe (NASDAQ:ADBE) last released 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 company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the firm earned $5.06 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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.