Rep. Dan Newhouse Sells Off Adobe Inc. (NASDAQ:ADBE) Shares

Posted by Joseph Griffin on Jul 21st, 2026

Representative Dan Newhouse (Republican-Washington) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

Adobe Price Performance

Shares of NASDAQ ADBE traded down $4.12 during mid-day trading on Tuesday, reaching $230.62. The company had a trading volume of 1,765,011 shares, compared to its average volume of 6,016,161. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock has a market cap of $91.67 billion, a PE ratio of 13.19, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a 50-day moving average price of $228.35 and a two-hundred day moving average price of $254.68. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $376.16.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 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 business 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 business posted $5.06 earnings per share. Adobe’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, equities analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

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

Insider Transactions at Adobe

In other news, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADBE. Regent Peak Wealth Advisors LLC boosted its stake in shares of Adobe by 32.8% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,130 shares of the software company’s stock valued at $232,000 after buying an additional 279 shares during the period. Tema ETFs LLC boosted its position in Adobe by 20.7% during the second quarter. Tema ETFs LLC now owns 8,198 shares of the software company’s stock valued at $1,681,000 after purchasing an additional 1,407 shares during the last quarter. Haven Capital Group Inc. grew its stake in Adobe by 77.8% in the second quarter. Haven Capital Group Inc. now owns 11,398 shares of the software company’s stock valued at $2,337,000 after purchasing an additional 4,988 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in Adobe in the 2nd quarter worth about $201,000. Finally, Peoples Bank KS increased its position in Adobe by 9.9% in the 2nd quarter. Peoples Bank KS now owns 2,150 shares of the software company’s stock worth $441,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: CLSA upgraded Adobe to moderate buy, signaling at least one major broker sees improved upside potential for the shares.
Neutral Sentiment: Adobe continues to add AI features to its experimental Project Indigo camera app, including LLM-powered photo critique and editing suggestions, which supports the company’s AI product narrative.
Neutral Sentiment: A Zacks article labeled Adobe a strong value stock, reflecting favorable valuation metrics rather than a new company-specific catalyst.
Negative Sentiment: Morgan Stanley downgraded Adobe and Salesforce in pre-market trading, with Adobe reportedly falling about 4% before the open as investors reacted to the softer outlook.
Negative Sentiment: Another analyst note cut Adobe’s price target to $240, adding to concerns that sentiment is turning more cautious on the stock.
Negative Sentiment: Adobe CEO Shantanu Narayen sold about $923,000 worth of shares, which can weigh on investor sentiment even though insider selling is not always a fundamental warning sign.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America reaffirmed an “underperform” rating and set a $190.00 price objective on shares of Adobe in a research note on Tuesday, July 7th. BTIG Research initiated coverage on shares of Adobe in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. BMO Capital Markets reduced their price target on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, June 12th. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $271.30.

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About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About Adobe

(Get Free Report)

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.