Rep. Gilbert Ray Cisneros, Jr. Unloads Adobe Inc. (NASDAQ:ADBE) Stock

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on July 24th. 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 $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Marvell Technology (NASDAQ:MRVL) on 7/17/2026.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $266.51 on Tuesday. The stock has a market cap of $105.94 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.93 and a beta of 1.42. The business has a 50 day simple moving average of $250.39 and a 200 day simple moving average of $245.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm earned $5.06 EPS. Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: RBC Capital raised its price target to $315 and maintained an Outperform rating, citing expectations for in-line third-quarter results and a potential reacceleration in annual recurring revenue. Adobe’s AI-first ARR exceeded $500 million in the prior quarter after more than tripling year over year. RBC Adobe price target article
• Positive Sentiment: Bank of America reportedly views Adobe more favorably than Oracle ahead of their earnings reports, reinforcing the bullish case that Adobe’s depressed valuation and creative-software franchise offer upside if AI adoption translates into stronger growth. BofA Adobe and Oracle comparison
• Neutral Sentiment: Adobe named Anil Chakravarthy president and CEO, while long-serving CEO Shantanu Narayen moves to executive chair. The transition is intended to support Adobe’s AI transformation, but investors are evaluating whether new leadership can accelerate growth after years of stock underperformance. Adobe CEO transition article
• Neutral Sentiment: The September 10 earnings release is the immediate catalyst. Investors will focus on revenue growth, AI-related ARR, guidance and evidence that Adobe’s AI tools are strengthening—not cannibalizing—its existing products. Adobe earnings date article
• Negative Sentiment: Wall Street remains cautious: several recent analyst calls were Holds or Sells, retail investors and hedge funds reportedly hold opposing views, and a prior CEO transition offers an initially unfavorable precedent. Some investors also point to continued insider selling and the departure of senior executive David Wadhwani as additional uncertainty. Adobe analyst earnings preview

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in Adobe in the 3rd quarter valued at $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the 4th quarter valued at $26,000. TrustBank bought a new stake in shares of Adobe in the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Adobe in the 4th quarter worth about $31,000. Finally, Sankala Group LLC acquired a new stake in shares of Adobe during the 4th quarter worth about $31,000. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADBE. Wolfe Research lowered Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Robert W. Baird reduced their price target on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Evercore set a $225.00 price target on shares of Adobe and gave the stock an “in-line” rating in a research report on Friday, June 12th. The Goldman Sachs Group dropped their price objective on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, June 12th. Finally, KeyCorp reduced their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $279.32.

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.