Rep. Gilbert Ray Cisneros, Jr. Buys Adobe Inc. (NASDAQ:ADBE) Shares

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Adobe stock on April 14th. 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 Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

Adobe Stock Down 2.2%

Shares of Adobe stock traded down $5.32 during trading on Tuesday, reaching $240.83. The company had a trading volume of 3,229,520 shares, compared to its average volume of 5,230,875. The company has a market cap of $97.34 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The firm’s fifty day moving average is $249.61 and its 200-day moving average is $292.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm earned $5.08 EPS. The company’s revenue for the quarter 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, analysts anticipate that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several articles argue Adobe remains a long-term value opportunity, with analysts still viewing the stock as moderately optimistic and highlighting fundamentals that may support upside if AI fears prove overstated. Adobe Stock: Is Wall Street Bullish or Bearish?
• Positive Sentiment: TipRanks and Seeking Alpha both framed the recent selloff as potentially overdone, saying the business still argues AI is a tailwind rather than a threat, which could help support a rebound if investors regain confidence. The Market Thinks AI Crushed Adobe (ADBE). The Business Says Otherwise Adobe: The Market Refuses To See AI As A Tailwind
• Neutral Sentiment: Adobe was also highlighted as a value stock in Zacks research, reinforcing that some investors still see attractive long-term fundamentals despite the recent weakness. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Negative Sentiment: A recent analyst downgrade from Mizuho to Neutral added to bearish sentiment, reflecting concern that near-term upside may be limited after a strong prior run. Burry Is Backing Adobe Inc (ADBE) Despite Analyst Downgrades
• Negative Sentiment: The stock’s decline today also reflects broader market skepticism about Adobe’s AI exposure, with some coverage suggesting investors remain worried that generative AI could disrupt software demand and growth. Adobe Systems (ADBE) Declines More Than Market: Some Information for Investors Why Adobe (ADBE) shares are sliding today

Insider Activity

In other news, 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 completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADBE shares. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research report on Wednesday, January 14th. Jefferies Financial Group lowered their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp lowered their price objective on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating for the company in a research report on Friday, March 13th. Finally, Sanford C. Bernstein set a $447.00 price objective on shares of Adobe and gave the company an “outperform” rating 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 assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $338.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Westpac Banking Corp grew its position in Adobe by 16.0% in the 1st quarter. Westpac Banking Corp now owns 33,386 shares of the software company’s stock worth $8,115,000 after purchasing an additional 4,597 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new position in Adobe in the 1st quarter worth about $5,633,000. Oslo Pensjonsforsikring AS bought a new position in shares of Adobe in the first quarter valued at approximately $537,000. DUTCH ASSET Corp bought a new position in shares of Adobe in the first quarter valued at approximately $731,000. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Adobe by 9.0% in the first quarter. Johnson Financial Group Inc. now owns 14,282 shares of the software company’s stock valued at $3,472,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

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.

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.