Adobe (ADBE) CLO & EVP Pentland Adele Louise Sells 7,800 Shares
Adele Pentland, Adobe's Chief Legal Officer, sold 7,800 shares on June 15, 2026, amid notable insider activity and analyst downgrades.
Reviewed by automated data checks against the source filing. How we make and check alerts
Pentland Adele Louise, Chief Legal Officer & EVP at Adobe Inc. ($ADBE), sold 7,800 shares on June 15, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $ADBE is down 5.5% after 1 week, up 8.8% after 1 month and up 18.8% to date (from the $206.36 close on Jun 15, 2026).
ADBE
Adobe Inc.
Key Points
- On June 15, 2026, Adele Pentland sold 7,800 shares of Adobe Inc. (ADBE) at a price of $207.32 each, totaling about $1.62 million.
- Adobe's stock has seen a decline recently, with analysts downgrading their ratings; HSBC lowered its target from $310 to $267.
- Pentland's sale comes as part of a busy day for insiders, including Steven Day, who bought 546 shares on the same day.
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Insider Buying and Selling at Adobe Inc.
On June 15, 2026, Adele Pentland, the Chief Legal Officer and Executive Vice President of Adobe Inc. (ADBE), sold 7,800 shares at a price of $207.32 each. This transaction is valued at approximately $1.62 million. This insider activity is notable as it occurs alongside other significant trades on the same day.
Other Insider Transactions
On the same day, Steven Day, Adobe's Interim CFO, purchased 546 shares, while Jillian Forusz, the Senior Vice President and Chief Accounting Officer, sold 158 shares at an average price of $206.36. Forusz also bought another 461 shares, showing mixed activity among Adobe's leadership.
Analysts Set New Price Targets
Analysts have recently downgraded their ratings for Adobe. On October 13, 2026, HSBC downgraded the stock to a Hold rating with a target price of $267, down from $310. Wells Fargo also issued a downgrade, moving its target from $270 to $225. Meanwhile, DA Davidson maintained a Buy rating but raised its target from $250 to $290 on September 14, 2026. This mixed sentiment reflects a cautious outlook on Adobe's future performance.
Stock Performance Context
Adobe's stock has been under pressure, trading recently around $207.32. This price is significantly lower than its 52-week high of $363.70 and just above its 52-week low of $190.12. The stock's decline has prompted analysts to reassess their targets and recommendations.
What Adobe Inc. Does
Adobe Inc. is a leading technology company based in San Jose, California, specializing in software solutions for digital media and marketing. The company provides tools for creative professionals and businesses, helping them to produce, manage, and optimize content across various platforms. This insider selling may reflect broader strategic decisions as the company navigates its market position.
What to Watch at Adobe Inc.
Looking ahead, investors will be paying attention to Adobe's next earnings report scheduled for December 9, 2026. The recent insider transactions and analyst ratings may provide insights into the company's future direction. Remember, these trades reflect past activity and may not represent current positions.
Related Filing Alerts
Source: Pentland Adele Louise's Form 4 filing on $ADBE (Jun 15, 2026). Find the original filing: ADBE Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts