Adobe Inc. $ADBE Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its position in Adobe Inc. (NASDAQ:ADBE) by 17.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,309 shares of the software company’s stock after selling 1,918 shares during the quarter. Farther Finance Advisors LLC’s holdings in Adobe were worth $3,284,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC lifted its stake in Adobe by 82.2% in the third quarter. Parcion Private Wealth LLC now owns 2,414 shares of the software company’s stock valued at $852,000 after buying an additional 1,089 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Adobe by 13.5% in the 3rd quarter. HBK Sorce Advisory LLC now owns 3,642 shares of the software company’s stock valued at $1,270,000 after acquiring an additional 432 shares during the period. Arvest Investments Inc. acquired a new position in shares of Adobe in the 3rd quarter valued at $333,000. Jamison Private Wealth Management Inc. raised its position in Adobe by 2.3% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 2,504 shares of the software company’s stock valued at $883,000 after purchasing an additional 57 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC boosted its stake in Adobe by 1.6% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 5,556 shares of the software company’s stock worth $1,960,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $353.03 on Thursday. The stock has a market capitalization of $147.78 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54. The business’s 50 day moving average is $337.88 and its two-hundred day moving average is $354.17. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. 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 (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a partnership with Runway to deliver advanced AI video tools for creators and brands — a product push that could expand monetization of Creative Cloud and position Adobe in high-growth generative-AI workflows. Adobe and Runway partner to bring advanced AI videos solutions for creators and brands
• Positive Sentiment: Analyst and market commentary is largely constructive: a Seeking Alpha piece frames 2025 as a setup for future gains, supporting a longer-term bullish thesis for Adobe’s transition into AI-driven creative tools. Adobe: 2025 Was A Setup
• Positive Sentiment: Opinion pieces (e.g., Forbes) argue the pullback could be a buying opportunity, which can attract value-focused buyers and support the rally if sentiment remains positive. Could It Be A Golden Chance To Buy Adobe Stock?
• Neutral Sentiment: BMO Capital kept an Outperform rating on ADBE but trimmed its price target slightly (from $405 to $400), signalling confidence in Adobe’s strategy while acknowledging competitive pressure in lower-end and AI segments — mixed for near-term upside. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Duplicate/summary coverage (InsiderMonkey) reiterates BMO’s stance and the competitive/AI caveats; useful for confirming analyst view but not new catalyst. BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures
• Neutral Sentiment: Short-interest data in the feed appears to show effectively zero reported short interest and a 0.0 days-to-cover figure — likely a data artifact and not a meaningful trading signal today. (No external link)
• Negative Sentiment: Adobe faces a class-action lawsuit alleging misuse of data to train AI models — a legal risk that can pressure sentiment, raise potential liability or settlement costs, and amplify regulatory scrutiny of Adobe’s AI practices. Adobe hit with class action over alleged AI training misuse
• Negative Sentiment: Critical reporting on Adobe’s role in how photography and creators are used as “raw material” for brands highlights reputational risk and potential backlash from creators — a factor that could weigh on adoption or invite tighter rules/legislation. Adobe in 2025: The year that photography (and photographers) became raw material for brands

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. Citigroup lifted their target price on Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Finally, TD Cowen cut their price target on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $417.93.

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.