Adobe Inc. $ADBE Shares Sold by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. cut its stake in Adobe by 46% in Q4, selling 4,871 shares and leaving 5,721 shares valued at about $2.002 million.
• Insider selling was notable: CEO Shantanu Narayen sold 75,000 shares at an average $243.54 (≈$18.27M) and insiders sold ~77,091 shares (~$18.78M) over the last 90 days, reducing insider ownership.
• Adobe announced a $25 billion buyback (up to 24.9% of shares) while reporting a quarterly beat—$6.06 EPS on $6.40B revenue—and set FY2026 EPS guidance of 23.30–23.50.

Benjamin Edwards Inc. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,721 shares of the software company's stock after selling 4,871 shares during the quarter. Benjamin Edwards Inc.'s holdings in Adobe were worth $2,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Sandro Wealth Management LLC acquired a new stake in Adobe during the 4th quarter valued at $436,000. Forza Wealth Management LLC lifted its stake in shares of Adobe by 9.2% during the 4th quarter. Forza Wealth Management LLC now owns 655 shares of the software company's stock worth $229,000 after purchasing an additional 55 shares during the period. Caisse Des Depots ET Consignations lifted its stake in shares of Adobe by 19.8% during the 4th quarter. Caisse Des Depots ET Consignations now owns 22,014 shares of the software company's stock worth $7,705,000 after purchasing an additional 3,637 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in shares of Adobe during the 4th quarter worth $991,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Adobe during the 4th quarter worth $84,273,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent analyst reports. HSBC set a $302.00 price target on Adobe in a research note on Friday, February 13th. Oppenheimer reissued a "market perform" rating on shares of Adobe in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Adobe in a research note on Friday, March 13th. Citigroup reissued a "neutral" rating on shares of Adobe in a research note on Friday, April 10th. Finally, The Goldman Sachs Group reduced their price target on Adobe from $290.00 to $220.00 and set a "sell" rating on the stock in a research note on Friday, March 13th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $338.15.

Insider Activity

In related news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares of the company's stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. Corporate insiders own 0.20% of the company's stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched an AI “productivity agent” that integrates Acrobat document intelligence to create, summarize and share rich content — a clear product advancement that supports future growth in agentic AI use cases. Adobe’s New Productivity Agent Redefines How People Understand, Create and Share Information
• Positive Sentiment: Adobe finalized its acquisition of Semrush, bolstering capabilities for agentic AI-driven brand visibility and marketing data — strategic for Adobe Experience Cloud and adtech monetization. Adobe (ADBE) Finalizes Acquisition of Semrush Holdings to Power Agentic AI Brand Visibility
• Positive Sentiment: Management’s large $25 billion buyback program signals confidence and supports EPS/share metrics, a potential near-term floor for valuation as Adobe repurchases depressed shares. Adobe's $25 Billion Buyback Sends a Clear Signal. Yet Shares Remain Dirt Cheap.
• Neutral Sentiment: Adobe highlights India as a major innovation hub ( ~1/3 of global innovation, including Firefly) and sees vertical demand in fashion, travel and e‑commerce — positive for long-term product road map but not an immediate revenue catalyst. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Neutral Sentiment: Macro commentary on the AI/SaaS rotation notes both risk and opportunity — some analysts see recovery potential for select software names, but the sector remains volatile. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
• Negative Sentiment: Insider selling (reported ~US$19M) and commentary suggesting insider hesitancy can spook investors and is being cited as a headwind. Adobe Insiders Sold US$19m Of Shares Suggesting Hesitancy
• Negative Sentiment: Short-term selling pressure and cautious headlines (including bearish takes comparing Adobe to a fading incumbent and noting a pullback after a rally) are pressuring the stock amid technical weakness. Adobe turns red: On track to log losses after six-session rally
• Negative Sentiment: Market coverage noting the stock “sinks” despite broader market gains reflects mixed analyst tone and may amplify selling momentum. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here's Why

Adobe Stock Down 2.1%

Shares of Adobe stock opened at $250.17 on Thursday. The business has a 50-day moving average of $250.37 and a 200-day moving average of $295.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $101.12 billion, a PE ratio of 14.57, a P/E/G ratio of 1.00 and a beta of 1.42. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95.

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

Adobe declared that its board has approved a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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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