Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Adobe Inc. (NASDAQ:ADBE)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on May 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Adobe Stock Performance

Shares of ADBE traded down $4.50 during mid-day trading on Wednesday, hitting $233.38. 5,154,297 shares of the company’s stock were exchanged, compared to its average volume of 5,557,861. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Adobe Inc. has a 52 week low of $224.13 and a 52 week high of $416.39. The stock’s 50-day simple moving average is $245.94 and its 200-day simple moving average is $280.44. The firm has a market cap of $94.33 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business posted $5.08 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, equities research analysts expect that Adobe Inc. will post 19.14 EPS for the current year.

Adobe declared that its Board of Directors has approved a stock buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s upcoming earnings could provide a catalyst if management shows Firefly and GenStudio are driving meaningful AI-related demand and improved guidance. Adobe Faces Make-or-Break Earnings Test as Traders Brace for Big Stock Swing
• Positive Sentiment: Some analysts and market watchers still see upside if Adobe can prove AI is becoming a real tailwind, rather than just a narrative, which could help restore investor confidence. Adobe Q2 Preview: Stock Near 7-Year Low, Market Expert Says Investors Want Proof ‘AI Is A Tailwind’
• Positive Sentiment: Options traders are pricing in a large post-earnings move, suggesting the stock could rebound sharply if results beat expectations and the outlook improves. Adobe Will Report Q2 Earnings Tomorrow. Options Traders Expect a 9.45% Move in ADBE Stock

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The stock was 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 directly owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

Several hedge funds have recently modified their holdings of ADBE. Western Pacific Wealth Management LP bought a new stake in shares of Adobe during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Adobe during the 3rd quarter worth approximately $27,000. Caitlin John LLC acquired a new position in Adobe in the 3rd quarter valued at approximately $28,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of Adobe during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ADBE shares. BTIG Research began coverage on Adobe in a research report on Monday, April 13th. They set a “neutral” rating for the company. DA Davidson set a $300.00 price target on Adobe in a research note on Friday, March 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. TD Cowen decreased their target price on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a report on Monday. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $331.65.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.