Adobe's Chief Legal Officer Pentland Sells Shares

Adele Pentland, Adobe's Chief Legal Officer, sold 7,800 shares on June 15, 2026.

Written by EarningsIQ · Published Jun 16, 2026, 10:00 PM EDT · Updated Jun 16, 2026, 11:00 PM EDT

Key Points

Adobe's Chief Legal Officer Adele Pentland sold 7,800 shares on June 15, 2026, with shares trading at $206.36.
Adobe has a market cap of $82.03 billion, a P/E ratio of 11.81, and a beta of 1.404, with a 52-week range between $196.9 and $399.67.
Analysts from Citigroup, Goldman Sachs, and others maintained their ratings on Adobe, with price targets ranging from $190 to $340 as of June 12, 2026.

Adele Pentland, Chief Legal Officer and EVP at Adobe Inc. (NasdaqGS: ADBE), sold 7,800 shares of the company on June 15, 2026. The sale was not part of a pre-planned trading program. Adobe's stock was trading at $206.36 at the time of the transaction.

Insider Buying and Selling at Adobe Inc.

On June 15, 2026, Adele Pentland sold a total of 7,800 shares of Adobe Inc. stock, while Jillian Forusz, SVP & CAO, sold 158 shares at the same price. Forusz also bought 461 shares on the same day. These transactions were not part of any pre-planned trading programs.

Other Institutional Activity in Adobe

BlackRock, Inc. increased its holdings by 379,718 shares, resulting in a total of 40,809,940 shares valued at approximately $9.92 billion. Vanguard Capital Management LLC established a new position with 26,679,971 shares worth about $6.49 billion. State Street Corp reduced its stake by 560,546 shares, leaving it with 19,913,187 shares valued at $4.84 billion. Geode Capital Management, LLC added 195,210 shares to hold 11,726,888 shares worth around $2.85 billion. Arrowstreet Capital, Limited Partnership increased its position by 563,772 shares, resulting in 6,792,275 shares valued at $1.65 billion.

Adobe Inc. Stock Snapshot

Shares of Adobe Inc. (NasdaqGS: ADBE) traded near $206.36. The company has a market cap of $82.03 billion and a P/E ratio of 11.81, with a forward P/E of 7.49. Adobe's beta is 1.404, indicating higher volatility than the market. The stock's 52-week range is from $196.9 to $399.67, with a 50-day moving average of $244.16 and a 200-day moving average of $297.59. Adobe has a current ratio of 0.751 and a quick ratio of 0.631, alongside a debt-to-equity ratio of 61.34.

Recent Earnings

Adobe reported revenue of $25.20 billion, with a growth rate of 12.7%. The company achieved a net margin of 28.69% and a return on equity of 62.95%. The next earnings report is expected on September 10, 2026.

Analysts Set New Price Targets

On June 12, 2026, Citigroup maintained its hold rating on Adobe with a price target of $228. Goldman Sachs kept a sell rating with a target of $190. Jefferies maintained a hold rating, setting a target at $230. Meanwhile, JP Morgan and RBC Capital both maintained buy ratings with targets of $340 and $285, respectively. The consensus among 33 analysts is to hold, with an average target price of $288.48.

About Adobe Inc.

Adobe Inc., headquartered in San Jose, California, is a leading technology company in the software application industry. It provides a range of products and services that enable the creation, publication, and promotion of digital content. Adobe serves a wide array of customers including photographers, graphic designers, marketers, and enterprises. Under the leadership of CEO Shantanu Narayen, Adobe employs over 31,000 people and continues to innovate in digital media and digital experience solutions.

Bottom Line

Insider transactions like those by Adele Pentland offer a glimpse into the executive actions within Adobe. With significant institutional activity and analyst coverage, Adobe remains a closely watched company in the tech sector. Investors often track these activities for insights, though it's important to remember that these filings and reports are backward-looking and may not reflect current positions.