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

Posted by Brenda Bartman 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 Stock Performance

Shares of NASDAQ ADBE traded down $8.15 during midday trading on Tuesday, hitting $226.59. 3,100,990 shares of the company’s stock were exchanged, compared to its average volume of 6,026,668. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s 50 day moving average price is $228.35 and its 200-day moving average price is $254.68. The firm has a market cap of $90.07 billion, a P/E ratio of 12.97, a PEG ratio of 0.80 and a beta of 1.43. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $376.16.

Adobe (NASDAQ:ADBE – Get Free Report) last posted 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 firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm earned $5.06 EPS. The firm’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. Equities research analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its board has authorized a share buyback plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research reports. TD Cowen dropped their price objective on Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research note on Monday, June 8th. JPMorgan Chase & Co. reduced their price target on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Bank of America restated an “underperform” rating and set a $190.00 price objective on shares of Adobe in a research report on Tuesday, July 7th. HSBC upgraded Adobe from a “hold” rating to a “buy” rating and increased their price objective for the stock from $282.00 to $308.00 in a report on Thursday, July 2nd. Finally, Morgan Stanley lowered shares of Adobe from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $365.00 to $240.00 in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $271.30.

Check Out Our Latest Report on Adobe

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade 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.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: CLSA upgraded Adobe to Moderate Buy, offering a modest counterpoint to the bearish tone around the stock.
Positive Sentiment: Adobe is continuing to expand its AI efforts, including new generative-AI features in its Project Indigo camera app, which could support its long-term product strategy.
Neutral Sentiment: Some analysis still frames Adobe as a strong value stock, suggesting the market may already be discounting a lot of concern into the shares.
Neutral Sentiment: A comparison article on Salesforce vs. Adobe noted CRM currently has the edge due to faster AI growth and lower valuation, reinforcing a relative caution on ADBE rather than a company-specific shock.
Negative Sentiment: Morgan Stanley’s downgrade and sharply lower price target are the biggest near-term overhang, signaling concern that Adobe’s growth story is becoming more complicated.
Negative Sentiment: Recent market coverage also pointed to Adobe falling more than the broader market, suggesting investors are rotating away from the name amid slowing-growth worries.

Hedge Funds Weigh In On Adobe

Several large investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in Adobe during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Adobe in the third quarter valued at about $27,000. Beacon Financial Strategies CORP bought a new stake in Adobe in the fourth quarter valued at about $28,000. Finally, Marquette Asset Management LLC raised its position in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

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.