Adobe Inc. $ADBE Shares Sold by Strive Financial Group LLC

Key Points

• Strive Financial Group cut its Adobe stake by 74.7% in the second quarter, selling 5,463 shares and retaining 1,852 shares valued at approximately $380,000. Institutional investors collectively own 81.79% of Adobe.
• Adobe insiders made mixed moves: Chief Accounting Officer Jillian Forusz sold 416 shares, while Director David Ricks purchased 10,000 shares. Company insiders own approximately 0.20% of the stock.
• Adobe exceeded quarterly earnings and revenue expectations, reporting $5.96 in EPS and $6.62 billion in revenue, up 12.7% year over year. Despite the strong results, analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and a $278.72 average price target.

Strive Financial Group LLC decreased its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 74.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,852 shares of the software company's stock after selling 5,463 shares during the period. Strive Financial Group LLC's holdings in Adobe were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jeter Robert S II purchased a new position in Adobe in the 2nd quarter worth approximately $685,000. Plan A Wealth LLC grew its position in shares of Adobe by 13.6% in the second quarter. Plan A Wealth LLC now owns 1,818 shares of the software company's stock valued at $373,000 after purchasing an additional 217 shares in the last quarter. CIBC Capital Markets Europe S.A. acquired a new stake in shares of Adobe in the second quarter valued at approximately $31,457,000. denkapparat Operations GmbH increased its holdings in shares of Adobe by 21.8% in the second quarter. denkapparat Operations GmbH now owns 9,704 shares of the software company's stock valued at $1,990,000 after purchasing an additional 1,740 shares during the last quarter. Finally, NEOS Investment Management LLC lifted its position in Adobe by 9.4% during the second quarter. NEOS Investment Management LLC now owns 312,506 shares of the software company's stock worth $64,070,000 after buying an additional 26,830 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Ricks acquired 10,000 shares of the firm's stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by company insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $266.51 on Friday. The firm has a market cap of $105.94 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The business's fifty day simple moving average is $249.19 and its 200-day simple moving average is $245.81.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company earned $5.06 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe raised Anil Chakravarthy, president of its Customer Experience Orchestration business and worldwide field operations, to president and CEO effective December 1. Chakravarthy has overseen several AI products, while longtime CEO Shantanu Narayen will become executive chair, potentially supporting continuity as Adobe accelerates its AI strategy. Adobe Announces CEO Transition
• Positive Sentiment: RBC raised its price target to $315 from $285 and maintained an Outperform rating ahead of Adobe’s fiscal third-quarter results, citing the potential for annual recurring revenue to exceed expectations. Adobe reports on September 10, making recurring-revenue growth a key near-term catalyst. RBC Raises Adobe Price Target
• Positive Sentiment: Adobe expanded its AI and marketing ecosystem by acquiring Indian startup Rilo and integrating more than 70 creative tools—including Photoshop, Firefly and Acrobat—into Slack. These initiatives could improve workflow integration and strengthen enterprise adoption. Adobe Launches Slack App
• Neutral Sentiment: Analysts remain divided ahead of earnings: some see valuation upside if ARR reaccelerates, while others maintain Hold ratings because Adobe must demonstrate that its AI investments can revive growth and support a higher multiple.
• Negative Sentiment: The CEO announcement surprised investors because it came shortly before earnings and selected Chakravarthy rather than another business leader some investors reportedly expected. Reports also pointed to a separate executive departure, raising concerns about further leadership turnover. Why Adobe Stock Is Dropping
• Negative Sentiment: Adobe continues to face fears that AI-native rivals and new tools from major technology companies could pressure its creative-software franchise, user growth and pricing power. Stronger employment data also increased expectations for a hawkish Federal Reserve, weighing on software and other growth stocks broadly. U.S. Stocks End Lower

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group cut shares of Adobe from a "buy" rating to an "equal weight" rating in a research report on Tuesday, July 21st. Mizuho cut their price objective on shares of Adobe from $270.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, June 12th. Evercore set a $225.00 target price on shares of Adobe and gave the stock an "in-line" rating in a research note on Friday, June 12th. Morgan Stanley lowered shares of Adobe from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $365.00 to $240.00 in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group dropped their price target on shares of Adobe from $220.00 to $190.00 and set a "sell" rating for the company in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has an average rating of "Hold" and a consensus price target of $278.72.

Adobe Profile

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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