Adobe Inc. $ADBE Stock Bought by Chemistry Wealth Management LLC

Key Points

• Chemistry Wealth Management LLC increased its Adobe stake by 236.7% in the third quarter, bringing its holdings to 6,071 shares valued at approximately $1.46 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe insiders sold 125,416 shares worth about $31.5 million over the past three months, including a $18.7 million sale by CEO Shantanu Narayen.
• Adobe recently exceeded quarterly earnings and revenue expectations, while expanding its AI partnership with NVIDIA; however, analysts maintain a consensus “Hold” rating amid concerns that cheaper AI alternatives could pressure its software subscriptions.

Chemistry Wealth Management LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 236.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,071 shares of the software company's stock after acquiring an additional 4,268 shares during the period. Chemistry Wealth Management LLC's holdings in Adobe were worth $1,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Security National Bank of Sioux City Iowa IA purchased a new position in Adobe in the second quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Adobe during the 2nd quarter valued at approximately $28,000. North Point Portfolio Managers Corp OH acquired a new stake in Adobe during the 3rd quarter valued at approximately $30,000. Bullock Wealth Management Group increased its holdings in Adobe by 468.2% during the 3rd quarter. Bullock Wealth Management Group now owns 125 shares of the software company's stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Finally, Sankala Group LLC purchased a new stake in Adobe during the 4th quarter worth approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the firm'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 owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer directly owned 289,224 shares of the company's stock, valued at $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 125,416 shares of company stock valued at $31,454,466. 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 and NVIDIA expanded their partnership to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge. The companies say the collaboration could make AI-powered creative workflows run up to twice as fast, strengthening Adobe’s ability to monetize agentic creation and enterprise AI adoption. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
• Positive Sentiment: Adobe’s substantial free-cash-flow generation is attracting attention. Free cash flow over the past year equaled roughly 11.1% of its market value, supporting the view that the stock may be undervalued if the company can maintain its recurring-revenue model and profitability. Should You Buy Adobe Stock For Its Cash?
• Neutral Sentiment: The NVIDIA relationship is part of a broader wave of collaborations integrating NVIDIA chips, models and software into customer workflows. This improves Adobe’s AI infrastructure and distribution potential, but investors still need evidence that these initiatives will translate into sustained revenue growth.
• Negative Sentiment: Wall Street’s bearish stance is intensifying, with analysts increasingly questioning whether cheaper AI alternatives could replace or pressure Adobe’s creative software subscriptions. Recent price targets include several levels below the stock’s recent trading range. Adobe Stock: Wall Street’s Bearish Sentiment Is Only Getting Worse
• Negative Sentiment: Reports that AI tools can produce free copies or substitutes for Adobe functionality are reinforcing “SaaSpocalypse” concerns. In addition, reported insider activity showed selling rather than buying, adding to investor caution about the stock’s outlook. AI Can Make Free Copies of Adobe Software

Adobe Stock Down 2.6%

NASDAQ:ADBE opened at $245.20 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $256.57 and a 200-day moving average of $242.97. The firm has a market capitalization of $95.43 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $363.70.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. 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 previous year, the firm posted $5.31 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Analysts predict that Adobe Inc. will post 20.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADBE. The Goldman Sachs Group increased their target price on Adobe from $190.00 to $200.00 and gave the company a "sell" rating in a research note on Monday, September 14th. Oppenheimer restated a "market perform" rating on shares of Adobe in a research note on Tuesday, September 8th. BMO Capital Markets upped their price target on shares of Adobe from $230.00 to $270.00 and gave the company a "market perform" rating in a report on Friday, September 11th. Morgan Stanley reaffirmed an "underweight" rating on shares of Adobe in a report on Friday, September 11th. Finally, Evercore set a $250.00 price objective on shares of Adobe in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, Adobe has a consensus rating of "Hold" and an average price target of $283.90.

Adobe Company Profile

Adobe Inc NASDAQ: ADBE is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.

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