Red Door Wealth Management LLC Sells 2,969 Shares of Adobe Inc. $ADBE

04 Apr 2026, 12:00 by Mitch Edgeman · The Markets Daily

Red Door Wealth Management LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,178 shares of the software company’s stock after selling 2,969 shares during the period. Red Door Wealth Management LLC’s holdings in Adobe were worth $3,912,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after buying an additional 486 shares in the last quarter. United Bank lifted its position in shares of Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after buying an additional 428 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after buying an additional 190 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Adobe by 34.2% in the 2nd quarter. Edgestream Partners L.P. now owns 4,291 shares of the software company’s stock worth $1,660,000 after buying an additional 1,093 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Q1 beat, AI momentum and buyer arguments — Adobe reported solid Q1 results and investors on social channels point to accelerating AI-related ARR, high margins, buyback support and attractive multiples as reasons the selloff may be overdone; these fundamentals support a recovery thesis. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
Positive Sentiment: Bullish analyst views and implied upside — some outlets and analysts still call ADBE undervalued versus a median analyst target near $310, giving upside potential if AI monetization accelerates and guidance holds. Bullish Analyst Sentiment on Adobe (ADBE) Amid Ongoing AI Advancements
Neutral Sentiment: Insider and institutional flows mixed — recent insider sales and large repositioning by major institutions (some adding, some trimming) signal reallocation rather than a clear directional bet; watch 13F/insider updates for conviction changes. Adobe Stock (ADBE) Opinions on Q1 Earnings and CEO Transition
Negative Sentiment: William Blair downgrade and lower price target — the downgrade to Market Perform with a steep cut to the target reduces near-term analyst support and can pressure sentiment and flows. William Blair Downgrades Adobe (ADBE) to Market Perform, Lowers PT
Negative Sentiment: Alleged data breach claim — a threat actor has claimed theft of ~13M support tickets; even unconfirmed, this raises operational and reputational risk and could trigger regulatory scrutiny or customer churn if validated. Speculation mounts over alleged Adobe breach as threat actor claims theft of 13M support tickets
Negative Sentiment: Legal and product-risk headlines — potential California class actions over terms of use and accusations that Adobe secretly rewrote users’ files add litigation and trust risk that could weigh on enterprise and consumer adoption. Adobe juggles potential class actions in California over its terms of use Adobe accused of secretly rewriting users’ computer files
Negative Sentiment: Strategic risk from AI commoditization — analysts and industry voices warn that AI-driven feature parity (lower-cost competitors or embedded AI in other tools) could erode Adobe’s pricing power over time, complicating the long-term growth story. Semianalysis CEO: Adobe faces existential threat from AI commoditization

Insider Activity

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Adobe from $315.00 to $278.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Weiss Ratings lowered shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. The Goldman Sachs Group lowered their target price on shares of Adobe from $290.00 to $220.00 and set a “sell” rating on the stock in a report on Friday, March 13th. JPMorgan Chase & Co. dropped their target price on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Wells Fargo & Company cut their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $343.88.

Check Out Our Latest Stock Analysis on Adobe

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $242.92 on Friday. The company has a 50 day moving average of $262.98 and a 200 day moving average of $311.98. The stock has a market cap of $98.19 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.95 and a beta of 1.52. Adobe Inc. has a 12 month low of $233.15 and a 12 month high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $5.08 EPS. The business’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. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.