Blue Barn Wealth LLC Acquires 202 Shares of Adobe Inc. $ADBE

Blue Barn Wealth LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,193 shares of the software company’s stock after buying an additional 202 shares during the period. Adobe makes up about 0.8% of Blue Barn Wealth LLC’s holdings, making the stock its 29th largest holding. Blue Barn Wealth LLC’s holdings in Adobe were worth $1,622,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADBE. 1248 Management LLC bought a new stake in Adobe during the first quarter valued at $25,000. Flaharty Asset Management LLC bought a new stake in Adobe during the first quarter valued at $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe during the first quarter valued at $30,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter valued at $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in Adobe by 128.6% during the first quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock valued at $39,000 after buying an additional 63 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADBE shares. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Oppenheimer lowered their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. BMO Capital Markets restated an “outperform” rating and set a $405.00 price target on shares of Adobe in a research report on Wednesday, October 29th. Evercore ISI lowered their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Finally, Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 0.6%

ADBE opened at $335.35 on Wednesday. The company has a market cap of $140.38 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.51 and a beta of 1.49. The business’s 50-day moving average price is $349.76 and its 200-day moving average price is $368.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.