14,720 Shares in Adobe Inc. $ADBE Purchased by Militia Capital Management LLC

Militia Capital Management LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,720 shares of the software company’s stock, valued at approximately $3,578,000.

Several other hedge funds also recently modified their holdings of ADBE. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe in the 3rd quarter worth approximately $26,000. TrustBank purchased a new stake in Adobe in the 4th quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in Adobe in the 4th quarter valued at $31,000. Finally, Sankala Group LLC acquired a new stake in shares of Adobe during the fourth quarter worth $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADBE has been the subject of several analyst reports. Wolfe Research lowered Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 12th. Piper Sandler decreased their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. BMO Capital Markets lowered their price target on Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, June 12th. The Goldman Sachs Group dropped their price objective 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. Finally, Morgan Stanley lowered shares of Adobe from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $271.30.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

Adobe Stock Performance

NASDAQ:ADBE opened at $250.41 on Monday. The firm’s fifty day simple moving average is $226.69 and its 200 day simple moving average is $248.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $370.86. The firm has a market capitalization of $99.54 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.84 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $5.06 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, equities research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has approved a share repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CAO Jillian Forusz sold 416 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were 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. This trade represents a 130.63% increase in their position. The SEC filing for this purchase provides additional information. 0.20% of the stock is 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.