Adobe (NASDAQ:ADBE) Stock Acquired Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed buying Adobe shares worth between $1,001 and $15,000 on April 14, according to a filing made on May 8.
• Adobe recently authorized a $25 billion stock buyback, allowing the company to repurchase up to 24.9% of its shares, a move often seen as a sign management believes the stock is undervalued.
• The company’s latest earnings beat expectations, with Q1 revenue of $6.40 billion and EPS of $6.06 versus the $5.87 estimate, though analysts currently rate the stock a Hold on average.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Adobe stock on April 14th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Revvity NYSE: RVTY on 5/1/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 5/1/2026.
• Sold $1,001 - $15,000 in shares of SS&C Technologies NASDAQ: SSNC on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Wayfair NYSE: W on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of STERIS NYSE: STE on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Sensata Technologies NYSE: ST on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 5/1/2026.

Adobe Stock Performance

NASDAQ:ADBE opened at $246.15 on Tuesday. Adobe Inc. has a 1 year low of $224.13 and a 1 year high of $422.95. The firm's fifty day simple moving average is $250.04 and its 200 day simple moving average is $293.59. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $99.49 billion, a PE ratio of 14.34, a PEG ratio of 0.99 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts' consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the business earned $5.08 EPS. The business's revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its board has initiated a stock buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on ADBE. HSBC set a $302.00 price objective on Adobe in a research report on Friday, February 13th. UBS Group cut their price target on Adobe from $290.00 to $260.00 and set a "neutral" rating for the company in a report on Friday, April 17th. William Blair cut Adobe from an "outperform" rating to a "market perform" rating in a research report on Thursday, March 26th. Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the stock an "outperform" rating in a research note on Friday, March 13th. Finally, TD Cowen dropped their target price on shares of Adobe from $400.00 to $325.00 and set a "hold" rating on the stock in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $338.15.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the company's stock in a transaction dated Tuesday, April 28th. The shares were 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 approximately $87,561,884.52. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adobe

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock valued at $926,000 after purchasing an additional 486 shares in the last quarter. United Bank lifted its position in Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company's stock worth $1,460,000 after purchasing an additional 428 shares during the period. Schnieders Capital Management LLC. lifted its position in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock worth $1,017,000 after purchasing an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock worth $1,069,000 after buying an additional 1,813 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.

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