Key Points
- CFO Daniel Durn sold 1,646 Adobe shares on Jan. 27 at an average price of $294.85 for about $485,323, trimming his stake by 3.77% to 41,995 shares (SEC filing).
- Adobe beat quarterly expectations with $5.50 EPS versus $5.40 expected and $6.19B revenue, and set Q1 FY2026 guidance of $5.85–5.90 EPS and FY2026 guidance of $23.30–23.50 EPS.
- Adobe rolled out major Photoshop upgrades that support subscription monetization, but analyst sentiment is mixed with a consensus rating of "Hold" and a $397.19 target amid several price-target and rating changes.
Adobe Inc. (NASDAQ:ADBE - Get Free Report) CFO Daniel Durn sold 1,646 shares of the firm's stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Adobe Price Performance
Adobe stock opened at $297.42 on Wednesday. The company has a fifty day simple moving average of $330.15 and a 200-day simple moving average of $343.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $122.09 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.20 and a beta of 1.53. Adobe Inc. has a 52-week low of $288.33 and a 52-week high of $465.70.
Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share 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 quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $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 EPS for the current fiscal year.
Institutional Investors Weigh In On Adobe
A number of institutional investors and hedge funds have recently made changes to their positions in ADBE. Vanguard Group Inc. increased its holdings in Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company's stock valued at $14,593,054,000 after purchasing an additional 344,816 shares during the last quarter. State Street Corp grew its stake in shares of Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company's stock valued at $7,277,941,000 after buying an additional 352,448 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company's stock valued at $1,981,448,000 after buying an additional 1,952,994 shares in the last quarter. Norges Bank purchased a new stake in shares of Adobe in the 2nd quarter valued at $2,029,950,000. Finally, Amundi lifted its stake in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company's stock worth $1,711,583,000 after acquiring an additional 742,646 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. BMO Capital Markets lowered shares of Adobe from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $400.00 to $375.00 in a report on Friday, January 9th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Morgan Stanley decreased their target price on shares of Adobe from $450.00 to $425.00 and set an "equal weight" rating on the stock in a report on Thursday, December 11th. Finally, Barclays reissued an "overweight" rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $397.19.
Get Our Latest Stock Analysis on Adobe
Key Stories Impacting Adobe
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About Adobe
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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.
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