Krilogy Financial LLC Sells 5,473 Shares of Adobe Inc. $ADBE

Key Points

• Krilogy Financial LLC cut its Adobe stake by 53.9%, selling 5,473 shares and leaving 4,675 shares valued at about $1.636 million.
• Adobe beat expectations with $6.06 EPS (vs. $5.87 est.) and $6.40B revenue, and set FY2026 guidance of EPS 23.30–23.50.
• Adobe's launch of CX Enterprise and agentic AI tools prompted a positive market reaction, but analyst sentiment is mixed with an average rating of "Hold" and an average price target near $339.88 after recent cuts.

Krilogy Financial LLC decreased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 53.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,675 shares of the software company's stock after selling 5,473 shares during the quarter. Krilogy Financial LLC's holdings in Adobe were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Adobe in the third quarter valued at approximately $27,000. Caitlin John LLC bought a new stake in Adobe in the third quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new stake in Adobe in the fourth quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC lifted its position in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company's stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of Adobe stock opened at $248.63 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $100.50 billion, a PE ratio of 14.48, a P/E/G ratio of 0.95 and a beta of 1.52. The business has a 50 day moving average of $253.07 and a 200 day moving average of $302.23. Adobe Inc. has a 52 week low of $224.13 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company 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 research analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent research reports. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Oppenheimer reiterated a "market perform" rating on shares of Adobe in a research report on Friday, March 13th. TD Cowen lowered their price objective on Adobe from $400.00 to $325.00 and set a "hold" rating for the company in a research report on Tuesday, March 10th. BTIG Research initiated coverage on Adobe in a research report on Monday, April 13th. They issued a "neutral" rating for the company. Finally, KeyCorp lowered their price objective on Adobe from $310.00 to $235.00 and set an "underweight" rating for the company in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $339.88.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled CX Enterprise and "coworker" AI agents to automate marketing and customer‑experience workflows—positioned as an enterprise-grade response to AI startups; this is the primary catalyst lifting the stock. Adobe Launches AI Tools to Defend Market Position
• Positive Sentiment: Multiple outlets report expanded agency partnerships and product integrations tied to the agentic AI platform, which could drive enterprise adoption and incremental revenue from large brand clients. Adobe expands agency partnerships as part of agentic AI platform debut
• Positive Sentiment: Coverage across Reuters, Barron's and other outlets frames the launches as a defensive and strategic move vs. AI disruptors (Anthropic et al.), supporting investor confidence in Adobe’s enterprise moat. Adobe launches AI suite for corporate clients as competition heats up
• Positive Sentiment: Market reaction: several market reports note an intraday uptick after the product announcements, indicating investors rewarded the product news despite the stock's YTD weakness. Adobe (ADBE) Stock Gains 1.8% Following CX Enterprise AI Agent Platform Launch
• Neutral Sentiment: CEO Shantanu Narayen gave interviews arguing that "the bears have it all wrong" on software and AI—management tone is constructive but represents qualitative reassurance rather than immediate revenue evidence. Adobe CEO Shantanu Narayen: The bears have it all wrong on software
• Neutral Sentiment: Some positive analyst commentary continues to list Adobe among top large-cap AI/tech picks, but that is balanced by target revisions below prior levels—analyst sentiment is mixed. Adobe (ADBE) Is A Major Stock To Buy According To Analysts
• Negative Sentiment: Some sell‑side analysts lowered price targets recently (Citi and Royal Bank of Canada among those trimming targets), which caps upside and signals caution about near‑term multiples and margin/consumption risks. Royal Bank Of Canada Cuts Adobe NASDAQ: ADBE Price Target to $350.00
• Negative Sentiment: A small institutional investor sale was reported (Baskin Financial Services sold ~2,336 shares), a minor signal but not material to Adobe’s ownership profile. Baskin Financial Services Inc. Sells 2,336 Shares of Adobe Inc. $ADBE

Insider Activity at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the company's stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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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