Adobe Inc. $ADBE Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 96.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 272 shares of the software company’s stock after selling 6,559 shares during the quarter. Goodman Advisory Group LLC’s holdings in Adobe were worth $105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. 1248 Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at about $25,000. LSV Asset Management boosted its position in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Adobe in the first quarter valued at approximately $29,000. Nexus Investment Management ULC purchased a new stake in shares of Adobe in the second quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC raised its stake in shares of Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.7%

Shares of NASDAQ ADBE opened at $356.43 on Friday. The stock has a market cap of $149.20 billion, a PE ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $474.91. The company has a 50-day moving average of $336.07 and a 200 day moving average of $357.48.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a report on Sunday. Piper Sandler dropped their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Thursday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $413.19.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.