Adobe (NASDAQ:ADBE) Shares Down 1.5% – Time to Sell?

Adobe Inc. (NASDAQ:ADBE) shares traded down 1.5% during mid-day trading on Monday . The company traded as low as $343.88 and last traded at $351.15. 5,416,413 shares were traded during trading, an increase of 36% from the average session volume of 3,979,975 shares. The stock had previously closed at $356.43.

Analysts Set New Price Targets

Several analysts have issued reports on ADBE shares. Barclays reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday, December 5th. Jefferies Financial Group reduced their target price on Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a research report on Thursday, December 11th. Wells Fargo & Company cut their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, BMO Capital Markets decreased their price objective on Adobe from $405.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $417.93.

Adobe Stock Performance

The firm has a market cap of $148.46 billion, a PE ratio of 21.22, a P/E/G ratio of 1.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a 50-day moving average price of $336.08 and a 200 day moving average price of $356.19.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.11 billion. During the same period last year, the company earned $4.81 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. 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 forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other 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 transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adobe

Institutional investors have recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at $25,000. LSV Asset Management boosted its position in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $29,000. Finally, Caitlin John LLC acquired a new position in Adobe during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

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.