3,631 Shares in Adobe Inc. $ADBE Bought by Nicholas Wealth LLC.

Nicholas Wealth LLC. bought a new position in Adobe Inc. (NASDAQ:ADBE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,631 shares of the software company’s stock, valued at approximately $1,271,000.

Several other large investors have also made changes to their positions in ADBE. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe during the third quarter worth about $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter worth about $28,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Adobe in the fourth quarter worth about $28,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. reduced their price target on Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Evercore set a $225.00 price target on Adobe and gave the stock an “in-line” rating in a research report on Friday. Finally, Freedom Capital lowered Adobe from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus target price of $278.16.

Insider Activity

In other news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, which supports Adobe’s positioning as an AI enabler and could strengthen long-term product adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Several articles highlighted Adobe as potentially undervalued after its recent selloff, with some analysts and commentators calling it a buy-the-dip or value opportunity following its strong earnings and raised guidance. Should You Buy, Sell or Hold Adobe Stock Post Q2 Earnings?
• Neutral Sentiment: Market commentary from Barchart and other outlets suggests traders are debating whether the post-earnings weakness is overdone, with options data and technicals still pointing to elevated volatility. Following Adobe Earnings, Here’s What Barchart Data Says Is Next for ADBE Stock
• Neutral Sentiment: TD Cowen cut its price target on Adobe from $310 to $285, citing mixed signals including slower spending trends and weaker AI credit demand, but kept a Hold rating. Adobe (ADBE) Price Target Cut as TD Cowen Flags Slowing Spend and Weak AI Credit Demand
• Negative Sentiment: Adobe’s CFO departure is weighing on sentiment, with investors seeing the leadership change as a risk at a time when the company is already facing valuation and growth concerns. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.

Adobe Stock Up 0.5%

Shares of Adobe stock opened at $207.32 on Wednesday. The business has a 50-day moving average of $243.10 and a 200-day moving average of $276.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91. The company has a market capitalization of $83.80 billion, a PE ratio of 11.86, a P/E/G ratio of 0.72 and a beta of 1.42. Adobe Inc. has a 1-year low of $196.90 and a 1-year high of $399.67.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $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 forecast that Adobe Inc. will post 19.87 EPS for the current fiscal year.

Adobe declared that its board has approved a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.