Adobe Target of Unusually Large Options Trading (NASDAQ:ADBE)

Adobe Inc. (NASDAQ:ADBE) was the recipient of some unusual options trading on Thursday. Traders acquired 188,902 put options on the stock. This is an increase of 248% compared to the average volume of 54,325 put options.

Analyst Ratings Changes

Several analysts recently commented on the stock. HSBC set a $302.00 price target on shares of Adobe in a report on Friday, February 13th. Piper Sandler lowered shares of Adobe from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $470.00 to $330.00 in a research note on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a research note on Thursday, December 11th. Mizuho cut their price objective on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, BMO Capital Markets cut Adobe from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $400.00 to $375.00 in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $397.16.

Insider Transactions at Adobe

In other Adobe news, CFO Daniel Durn sold 1,646 shares of Adobe 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 transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in shares of Adobe during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Adobe during the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Adobe during the third quarter worth about $27,000. LSV Asset Management boosted its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in shares of Adobe in the 3rd quarter valued at approximately $28,000. 81.79% of the stock is owned by institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Valuation/deep‑value narrative — Several pieces (including a Yahoo review) note the recent pullback has brought Adobe back into investor focus as a lower‑multiple, cash‑generative software name; this could attract value buyers if macro sentiment stabilizes. Assessing Adobe’s Valuation As Recent Share Performance Brings The Stock Back Into Focus
• Positive Sentiment: Long‑term track record highlighted — A Benzinga piece reminding investors of Adobe’s multi‑decade returns can support buy‑and‑hold narratives and institutional interest on any sustained signs of stabilization. Here’s How Much You Would Have Made Owning Adobe Stock In The Last 20 Years
• Neutral Sentiment: Short‑interest data appears unreliable — Reported February short‑interest shows “0” shares and NaN changes, implying a data or reporting issue; do not read meaningful positioning conclusions from that print.
• Negative Sentiment: Heavy bearish options flow — Unusually large put buying (about 188,902 puts, ~+248% vs. average) indicates traders are positioning for further downside or hedging, which can accelerate selling pressure and widen intraday moves.
• Negative Sentiment: Growing Wall Street caution — Coverage noting analysts turning cautious and headlines calling Adobe “in trouble” (InsiderMonkey) increase the risk of downgrades or target‑price cuts that can weigh on the stock. Why Wall Street Is Turning Cautious on Adobe Inc. (ADBE)
• Negative Sentiment: High‑profile skepticism — Commentary from TV/influencers (e.g., Jim Cramer) calling Adobe “in trouble” can amplify retail selling and sentiment‑driven flows. Jim Cramer Believes Adobe’s (ADBE) In Trouble
• Negative Sentiment: Competitive/sector risk from AI winners — Figma’s strong Q4 and its Anthropic integration reinforce a narrative that AI can reshape design workflows; that raises competitive risk and keeps pressure on incumbents like Adobe. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script (ADBE)
• Negative Sentiment: Broader sector weakness — Reports about other software names issuing cautious guidance (e.g., Palo Alto) are contributing to a risk‑off tone across software and AI‑exposed names, which can depress Adobe alongside peers. Palo Alto shares sink 8%, CEO defends cybersecurity’s position as AI hits software stocks

Adobe Trading Down 1.5%

Shares of ADBE stock opened at $259.21 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe has a 1 year low of $251.10 and a 1 year high of $461.00. The firm’s fifty day simple moving average is $311.28 and its 200 day simple moving average is $332.38. The firm has a market capitalization of $106.41 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the firm posted $4.81 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. 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, sell-side analysts predict that Adobe will post 16.65 EPS for the current year.

Adobe Company Profile

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.