Meridian Wealth Management LLC Sells 4,823 Shares of Adobe Inc. $ADBE

Meridian Wealth Management LLC reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 53.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,152 shares of the software company’s stock after selling 4,823 shares during the quarter. Meridian Wealth Management LLC’s holdings in Adobe were worth $1,453,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the third quarter worth about $27,000. Caitlin John LLC bought a new stake in shares of Adobe in the third quarter worth about $28,000. Beacon Financial Strategies CORP bought a new stake in shares of Adobe in the fourth quarter worth about $28,000. Finally, Marquette Asset Management LLC increased its holdings in shares of 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 acquiring an additional 34 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing fresh AI-related product positioning, including Semrush’s AI search intelligence partnership with Lovable, which highlights Adobe’s effort to connect its ecosystem to developer and brand workflows beyond core creative software. Adobe Taps Semrush Lovable AI Link As Search Data Joins App Design
• Positive Sentiment: Some recent analysis argues Adobe looks attractive after a sharp selloff, with value-focused commentary saying the stock may be setting up for a rebound and offering long-term upside at current levels. Why Adobe Systems (ADBE) is a top value stock for the long term
• Positive Sentiment: Wall Street remains at least moderately constructive, with reports noting analysts still see upside potential even after a recent downgrade and years of underperformance. Adobe Stock: Is Wall Street Bullish or Bearish?
• Neutral Sentiment: Market commentary is increasingly focused on whether Adobe’s AI strategy can offset fears that generative AI tools could pressure its creative software moat; this is keeping investors cautious. Adobe: The Market Refuses To See AI As A Tailwind
• Neutral Sentiment: Adobe also received attention for patching 52 vulnerabilities across 10 products, which is a routine security update and not likely a major stock driver on its own. Adobe Patches 52 Vulnerabilities in 10 Products
• Negative Sentiment: Recent trading has been weak, with Adobe shares continuing to decline as investors react to broader concerns about growth, competition, and the pace of AI disruption. Adobe Systems (ADBE) Declines More Than Market: Some Information for Investors

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 77,091 shares of company stock valued at $18,782,773. Insiders own 0.20% of the company’s stock.

Adobe Stock Down 2.0%

ADBE stock opened at $236.07 on Thursday. The business has a 50-day moving average of $249.11 and a 200-day moving average of $291.96. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $95.42 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.94 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 EPS for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the firm posted $5.08 earnings per share. The business’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, sell-side analysts anticipate that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADBE. 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 objective on Adobe in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Argus reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, The Goldman Sachs Group reduced their price objective on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $338.15.

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.