Adobe Inc. $ADBE Shares Sold by Osprey Private Wealth LLC

Posted by on Jul 11th, 2026

Osprey Private Wealth LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 75.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,657 shares of the software company’s stock after selling 8,000 shares during the quarter. Osprey Private Wealth LLC’s holdings in Adobe were worth $646,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new stake in Adobe during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Adobe in the 3rd quarter valued at about $27,000. Beacon Financial Strategies CORP acquired a new stake in shares of Adobe during the 4th quarter worth about $28,000. Finally, Marquette Asset Management LLC grew its holdings in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after buying an additional 34 shares in 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: Adobe’s planned acquisition of Topaz Labs could strengthen its generative AI and video/image editing tools, supporting long-term product differentiation and monetization. Adobe (ADBE) to Acquire Topaz Labs
  • Positive Sentiment: Another recent analysis highlighted Adobe’s acquisition of Rephrase.AI as a way to bolster generative AI video capabilities for e-commerce, which could broaden Adobe’s addressable market and improve growth prospects. Adobe’s Strategic Acquisition of Rephrase.AI to Bolster Generative AI Video Capabilities for E-commerce
  • Neutral Sentiment: Market commentary from Seeking Alpha and other outlets suggested the stock may be oversold or viewed as a comeback candidate, but these were opinion pieces rather than new fundamentals. Adobe: Market Overreaction Creates A Highly Asymmetric Risk-Reward Opportunity
  • Neutral Sentiment: Short-interest data showed no meaningful shares outstanding to short, so it does not appear to be adding real trading pressure or changing the investment case.
  • Negative Sentiment: Bank of America reportedly downgraded Adobe to Underperform, arguing that AI tools could pressure Adobe’s growth rather than accelerate it, reinforcing investor concerns about competitive disruption. Bank of America Says AI Will Drag Down Adobe Stock
  • Negative Sentiment: Additional headlines about users canceling Adobe Acrobat for cheaper alternatives may add to the narrative that pricing pressure and product substitution remain risks for the company.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

Adobe Trading Up 0.4%

NASDAQ:ADBE traded up $0.99 during trading hours on Friday, reaching $223.64. 3,205,588 shares of the company were exchanged, compared to its average volume of 7,842,919. 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 firm has a market cap of $88.90 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.75 and a beta of 1.43. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $376.16. The stock has a 50 day simple moving average of $230.84 and a 200 day simple moving average of $260.53.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, analysts predict that Adobe Inc. will post 19.8 EPS for the current year.

Adobe announced that its board has initiated a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to reacquire up to 24.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADBE. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 12th. Royal Bank Of Canada reduced their price target on Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. DA Davidson decreased their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Argus reiterated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Finally, Sanford C. Bernstein reduced their target price on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $275.00.

Check Out Our Latest Analysis on Adobe

Adobe Company Profile

(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.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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