Key Points
- Adobe CEO Shantanu Narayen sold 50,500 shares at an average price of $249.57, generating proceeds of about $12.6 million and reducing his ownership by 17.46%. He had also sold 74,500 shares the previous day.
- Adobe reported quarterly revenue of $6.76 billion and EPS of $6.13, exceeding analyst expectations, while revenue increased 12.9% year over year.
- Analyst sentiment remains cautious, with a consensus rating of Hold and an average price target of $282.68. Uncertainty over fiscal 2027 guidance and the impact of generative AI is keeping investors focused on upcoming results.
Adobe Inc. (NASDAQ:ADBE - Get Free Report) CEO Shantanu Narayen sold 50,500 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the transaction, the chief executive officer owned 238,724 shares of the company's stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shantanu Narayen also recently made the following trade(s):
- On Wednesday, September 16th, Shantanu Narayen sold 74,500 shares of Adobe stock. The shares were sold at an average price of $251.56, for a total transaction of $18,741,220.00.
Adobe Stock Performance
NASDAQ ADBE opened at $248.92 on Friday. The company's fifty day moving average is $256.92 and its two-hundred day moving average is $245.59. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.75. The firm has a market capitalization of $98.95 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 0.88 and a beta of 1.42.
Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating analysts' consensus estimates of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the business earned $5.31 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Equities research analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.
Key Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe’s Acrobat Student Spaces platform has surpassed 1 million monthly users since its beta launch, supporting the company’s argument that AI tools such as adaptive flashcards, citation generation and study guides can expand engagement and potentially create new monetization opportunities. E-Commerce Update - AI-Powered Student Spaces Revolutionizes Learning With Adobe Acrobat
- Positive Sentiment: Several recent analyses characterize ADBE as both a value and growth stock. Adobe trades at roughly 14 times trailing earnings despite record quarterly revenue, suggesting the market may be underestimating the long-term potential of converting free AI users into paying customers. How Much Upside Is Left In Adobe Stock?
- Neutral Sentiment: Analyst coverage remains focused on Adobe’s fiscal 2026 earnings outlook and upcoming quarterly results. The available reports do not indicate a material change to consensus estimates, leaving the next earnings report as an important catalyst. What is KeyCorp's Forecast for Adobe FY2026 Earnings?
- Negative Sentiment: Adobe declined to provide fiscal 2027 guidance after its fiscal third-quarter results. The omission produced a mixed analyst response and increased uncertainty about how quickly generative AI will affect revenue growth, causing analysts to defer more decisive views until the fourth quarter. Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Negative Sentiment: The outgoing CEO’s reported $31.5 million share sale is adding to investor concerns about insider confidence, particularly as Adobe manages a CEO transition and competition from AI-native software tools. ADBE Stock On Track for Third Weekly Loss
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Adobe from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, September 11th. Mizuho set a $260.00 price objective on Adobe in a research note on Tuesday, September 8th. Barclays upped their target price on shares of Adobe from $250.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of Adobe from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group cut their price target on shares of Adobe from $285.00 to $275.00 and set a "hold" rating for the company in a report on Friday, September 11th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $282.68.
Get Our Latest Analysis on Adobe
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ADBE. BlackRock Inc. bought a new stake in shares of Adobe during the second quarter worth $8,437,821,000. Geode Capital Management LLC lifted its stake in shares of Adobe by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company's stock valued at $4,027,170,000 after acquiring an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company's stock valued at $1,651,066,000 after acquiring an additional 563,772 shares during the last quarter. Norges Bank bought a new position in Adobe in the fourth quarter valued at about $2,275,165,000. Finally, Amundi increased its position in Adobe by 11.0% in the second quarter. Amundi now owns 5,242,464 shares of the software company's stock worth $1,074,810,000 after purchasing an additional 518,362 shares during the period. 81.79% of the stock is currently owned by institutional investors.
Adobe Company Profile
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Get Free Report)
Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.
Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.
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