Sen. John Boozman Sells Adobe Inc. (NASDAQ:ADBE) Shares

Posted by Alanna Baker on Mar 7th, 2026

Senator John Boozman (Republican-Arkansas) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on March 06th, the Senator disclosed that they had sold between $1,001 and $15,000 in Adobe stock on February 13th.

Senator John Boozman also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 2/27/2026.
Purchased $1,001 – $15,000 in shares of NetApp (NASDAQ:NTAP) on 2/27/2026.
Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/26/2026.
Sold $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/19/2026.
Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2026.
Purchased $1,001 – $15,000 in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) on 2/6/2026.
Purchased $1,001 – $15,000 in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) on 2/6/2026.
Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/6/2026.
Purchased $1,001 – $15,000 in shares of iShares CMBS ETF (NYSEARCA:CMBS) on 2/6/2026.

Adobe Trading Up 0.7%

Shares of Adobe stock opened at $283.62 on Friday. Adobe Inc. has a 1-year low of $244.28 and a 1-year high of $452.51. The company’s fifty day simple moving average is $291.65 and its 200-day simple moving average is $326.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $116.43 billion, a PE ratio of 16.97, a P/E/G ratio of 1.11 and a beta of 1.53.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the business posted $4.81 EPS. Adobe’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Investor optimism around Adobe’s AI tools and positioning — renewed focus on Firefly and the view that Adobe can be an AI-era incumbent has drawn buying interest ahead of earnings, supporting the stock. Why Adobe (ADBE) Is Up 5.1% After Renewed AI Optimism Ahead Of March 12 Earnings
Positive Sentiment: Short-term traders and momentum flows ahead of the March 12 print have lifted the stock as the market anticipates potential upside from revenue or AI usage metrics. Adobe Stock Jumps With Software Sector Ahead Of Key Earnings Report
Neutral Sentiment: Upcoming earnings and guidance are the main catalyst — previews expect revenue growth but flag mixed odds for an easy beat; investors will key off AI monetization metrics and Creative Cloud trends on March 12. Adobe Systems (ADBE) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Neutral Sentiment: Reported short-interest entries show zero/NaN values — likely a data glitch; no clear evidence of a rising short-squeeze dynamic. Investors should treat these figures with caution. (data source)
Negative Sentiment: Citi cut its price target from $387 to $315 and moved to a neutral rating, citing lingering AI monetization questions — this analyst downgrade is pressuring sentiment and trims upside expectations. Adobe In Focus As Citi Lowers Target
Negative Sentiment: Ongoing analyst price-target cuts, institutional trimming (large reported UBS sell-downs) and recent insider sales add downward pressure and reflect worry about competitive risk and Creative Cloud discounting. Adobe (ADBE) Stock Earnings Preview: Q1 Results Drop Thursday Amid Price Target Cuts
Negative Sentiment: High-profile commentary (e.g., Michael Burry urging an acquisition of Midjourney) highlights investor concern that Adobe must act to defend its creative moat against fast-moving AI competitors — a signal of strategic risk if execution stalls. Michael Burry Urges Adobe To Buy AI Firm Midjourney To Save Creative Moat

Institutional Investors Weigh In On Adobe

Institutional investors have recently added to or reduced their stakes in the stock. Riverbend Wealth Management LLC boosted its position in shares of Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after acquiring an additional 29 shares during the last quarter. Intellus Advisors LLC increased its holdings in Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after acquiring an additional 30 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Adobe by 5.5% in the 3rd quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after acquiring an additional 30 shares during the last quarter. MCF Advisors LLC lifted its stake in Adobe by 20.8% in the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after purchasing an additional 30 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its stake in Adobe by 12.8% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock worth $106,000 after purchasing an additional 31 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADBE. Barclays decreased their price objective on Adobe from $415.00 to $335.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group began coverage on shares of Adobe in a report on Monday, January 12th. They issued a “sell” rating and a $290.00 target price for the company. Robert W. Baird set a $350.00 target price on shares of Adobe in a research note on Wednesday, January 14th. Jefferies Financial Group lowered their target price on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, Oppenheimer downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $386.68.

Get Our Latest Research Report on Adobe

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

Adobe Company Profile

(Get 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.