Rep. Kevin Hern Sells Shares of Adobe Inc. (NASDAQ:ADBE)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on September 01st, the Representative disclosed that they had sold between $15,001 and $50,000 in Adobe stock on August 14th. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 8/24/2026.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/24/2026.
• Sold $50,001 – $100,000 in shares of Home Depot (NYSE:HD) on 8/24/2026.
• Sold $50,001 – $100,000 in shares of Procter & Gamble (NYSE:PG) on 8/24/2026.
• Sold $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 8/24/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/21/2026.
• Sold $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 8/21/2026.
• Sold $15,001 – $50,000 in shares of Honeywell Aerospace (NASDAQ:HONA) on 8/19/2026.
• Sold $1,001 – $15,000 in shares of Colgate-Palmolive (NYSE:CL) on 8/19/2026.
• Sold $1,001 – $15,000 in shares of Biogen (NASDAQ:BIIB) on 8/18/2026.

Adobe Stock Up 2.1%

Shares of ADBE opened at $285.75 on Friday. The business’s fifty day moving average price is $247.91 and its two-hundred day moving average price is $245.67. The firm has a market capitalization of $113.59 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.97 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. 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 (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.06 earnings per share. 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, analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts see upside ahead of earnings. RBC raised its price target to $315 from $285 and maintained an “Outperform” rating, citing expectations that Adobe’s annual recurring revenue could exceed estimates. Adobe is scheduled to report fiscal third-quarter results on September 10. RBC raises Adobe price target
• Positive Sentiment: Adobe is expanding its AI and workflow ecosystem. The company acquired Indian marketing-intelligence startup Rilo through a deal involving technology licensing and the addition of its team, strengthening Adobe’s marketing-automation and “agentic AI” capabilities. Adobe also introduced an integration with Slack that brings more than 70 Photoshop, Firefly, Acrobat, Illustrator, Premiere and other tools into workplace chats. Adobe acquires Rilo
• Neutral Sentiment: New CEO named for December. Adobe appointed Anil Chakravarthy, who leads its Customer Experience Orchestration business and has overseen several AI products, as president and CEO effective December 1. Current CEO Shantanu Narayen will become executive chair and assist with the transition. Adobe announces CEO transition
• Negative Sentiment: Investors were disappointed by the CEO selection. Chakravarthy is an insider, but analysts said investors had been anticipating another longtime business leader for the role. The departure of that executive may signal additional leadership turnover, increasing concerns about strategic continuity during Adobe’s AI transformation. Why Adobe stock is under pressure
• Negative Sentiment: Competitive and valuation risks remain. Commentators warned that Google’s new AI-powered image-generation and editing tools could intensify competition with Adobe. Analysts remain divided, with some raising targets while others cite AI disruption risks and retain cautious ratings.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein reduced their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. CLSA initiated coverage on shares of Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Barclays lifted their target price on shares of Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley cut shares of Adobe from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $365.00 to $240.00 in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $278.72.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Adobe

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Adobe by 25.5% during the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after acquiring an additional 486 shares in the last quarter. United Bank grew its stake in Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after acquiring an additional 428 shares during the period. Schnieders Capital Management LLC. grew its stake in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after acquiring an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after acquiring an additional 1,813 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.