Adobe (NASDAQ:ADBE) Shares Down 2.4% – Time to Sell?

Adobe Inc. (NASDAQ:ADBE) fell 2.4% during trading on Tuesday . The company traded as low as $292.93 and last traded at $297.42. 4,065,868 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 4,899,661 shares. The stock had previously closed at $304.72.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen decreased their price target on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $430.00 price objective on shares of Adobe in a research report on Thursday, December 11th. UBS Group reduced their price target on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Barclays restated an “overweight” rating and issued a $415.00 target price on shares of Adobe in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $397.19.

Adobe Stock Down 2.4%

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average price is $330.69 and its 200-day moving average price is $343.59. The company has a market cap of $122.09 billion, a P/E ratio of 17.80, a PEG ratio of 1.18 and a beta of 1.53.

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, 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 business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the business earned $4.81 EPS. The firm’s revenue for the quarter 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. As a group, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. WealthCollab LLC raised its stake in shares of Adobe by 75.1% during the fourth quarter. WealthCollab LLC now owns 1,194 shares of the software company’s stock worth $418,000 after acquiring an additional 512 shares in the last quarter. Probity Advisors Inc. increased its holdings in Adobe by 3.1% during the 4th quarter. Probity Advisors Inc. now owns 2,392 shares of the software company’s stock valued at $837,000 after purchasing an additional 72 shares during the period. Optas LLC raised its holdings in shares of Adobe by 52.3% during the fourth quarter. Optas LLC now owns 1,951 shares of the software company’s stock valued at $683,000 after acquiring an additional 670 shares in the last quarter. Ticino Wealth purchased a new stake in shares of Adobe in the 4th quarter worth about $712,000. Finally, GraniteShares Advisors LLC boosted its position in Adobe by 13.5% during the 4th quarter. GraniteShares Advisors LLC now owns 4,152 shares of the software company’s stock valued at $1,453,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

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.