Adobe Inc. $ADBE Shares Sold by Harber Asset Management LLC

Harber Asset Management LLC cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,213 shares of the software company’s stock after selling 3,063 shares during the quarter. Adobe accounts for 3.7% of Harber Asset Management LLC’s portfolio, making the stock its 11th largest position. Harber Asset Management LLC’s holdings in Adobe were worth $8,824,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe during the 3rd quarter valued at $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the 3rd quarter valued at $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Adobe during the 4th quarter valued at $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Adobe Stock Down 6.8%

Adobe stock opened at $204.02 on Friday. Adobe Inc. has a twelve month low of $196.90 and a twelve month high of $405.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $82.46 billion, a PE ratio of 11.67, a P/E/G ratio of 0.80 and a beta of 1.42. The firm’s 50 day moving average price is $244.54 and its two-hundred day moving average price is $278.61.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 64.99%. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $5.06 EPS. The company’s 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. On average, research analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has initiated a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Jefferies Financial Group lowered their price target on Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Piper Sandler lowered their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average price target of $278.16.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above expectations, while also raising full-year revenue and earnings guidance. The company said AI-driven demand and stronger subscription spending supported results. Adobe Reports Record Q2 Results
• Positive Sentiment: Management highlighted accelerating adoption of Adobe’s AI tools, with AI-first annual recurring revenue topping $500 million, which supports the long-term growth case. Adobe Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
• Neutral Sentiment: Despite the beat, Adobe signaled a strategic shift toward freemium AI products and prioritizing user growth over immediate monetization, which adds uncertainty around near-term ARR growth. ADBE Q2 Earnings Call Centers on Freemium AI Push, Raised Outlook
• Negative Sentiment: Investors were rattled by the sudden departure of CFO Dan Durn, which adds to leadership uncertainty while Adobe is also in the middle of a CEO succession process. Adobe raises annual revenue forecast, CFO to exit
• Negative Sentiment: Wall Street reacted with multiple price-target cuts and downgrades, reflecting concerns that Adobe’s core growth may be decelerating and that AI monetization is still not proven. Leadership Exits, Decelerating Core Growth Cloud Adobe’s Earnings Beat

Adobe Company Profile

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.