Adobe Inc. $ADBE Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 47.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,106 shares of the software company’s stock after selling 9,305 shares during the period. MGO One Seven LLC’s holdings in Adobe were worth $3,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Adobe by 91.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 222 shares of the software company’s stock worth $86,000 after acquiring an additional 106 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Adobe by 31.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 2,063 shares of the software company’s stock worth $798,000 after acquiring an additional 494 shares in the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Adobe by 17.0% in the 2nd quarter. Gallacher Capital Management LLC now owns 702 shares of the software company’s stock worth $272,000 after acquiring an additional 102 shares during the period. Finally, Chemistry Wealth Management LLC purchased a new position in Adobe in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $309.93 on Wednesday. The company has a 50-day simple moving average of $336.45 and a 200-day simple moving average of $348.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The company has a market cap of $129.74 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.53. Adobe Inc. has a 12 month low of $307.91 and a 12 month high of $465.70.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADBE shares. Wells Fargo & Company decreased their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Morgan Stanley cut their price target on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. TD Cowen decreased their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Finally, Mizuho dropped their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $406.44.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Retail investors remain supportive in some channels despite the sell-side pressure, which could limit downside if buying persists. ADBE shares slip on analyst downgrades — but why is retail bullish?
• Positive Sentiment: Bull case reminders: Some commentators highlight Adobe’s attractive long-term fundamentals and recurring revenue profile, which may prompt value-seeking investors to accumulate after the pullback. What Makes Adobe (ADBE) an Attractive Opportunity?
• Neutral Sentiment: Broader market and macro moves (surprise inflation prints, tech rotation) are pressuring software names including Adobe; some of the day’s weakness reflects sector flows rather than company-specific news. Salesforce and Adobe see their stocks slide as AI fears intensify
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, signaling near-term downside and prompting institutional selling pressure. Finviz / The Fly coverage of Goldman Sachs sell
• Negative Sentiment: Multiple sell-side downgrades and lower price targets (Oppenheimer, BMO, Jefferies moves reported) are compressing the stock as analysts point to limited near‑term catalysts. Adobe (ADBE) Downgraded as Analysts See Limited Near-Term Catalysts
• Negative Sentiment: AI-related headwinds: analysts and commentators warn that AI is reshaping software competition and could hurt incumbents, with specific pieces recommending caution on Adobe. AI Could Spell Trouble for Software. These Experts Say to Avoid One Stock In Particular
• Negative Sentiment: Competitive pressure from Apple’s lower‑cost creative app suite and similar offerings raises concerns about pricing/market share for parts of Adobe’s Creative Cloud business. Apple Hits Adobe Where It Hurts With an Affordable Creative App Suite
• Negative Sentiment: Stock hit a 52‑week low during the session, reflecting the cumulative effect of downgrades, negative headlines and weak sector momentum. Adobe stock hits 52-week low at $311.55

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

About Adobe

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.