Rep. Gilbert Cisneros (D-CA) Sells Adobe (ADBE) Stock
Gilbert Cisneros, a House Democrat, sold shares of Adobe Inc. amid notable insider activity and recent analyst downgrades.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rep. Gilbert Cisneros (D-CA) sold between $1,001 and $15,000 of Adobe Inc. ($ADBE) stock on May 15, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed June 9, 2026.
Since the trade, $ADBE is down 1.1% after 1 week, down 16.7% after 1 month and down 1.0% to date (from the $247.60 close on May 15, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Cisneros (D-CA)
- Status:
- Member — House
- State/District:
- CA-31
- Party:
- democrat
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Jun 9, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Adobe Inc. ($ADBE) | Sell | May 15, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document. Find the original: House financial disclosure search
ADBE
Adobe Inc.
Key Points
- On May 15, 2026, Gilbert Cisneros sold shares of Adobe Inc. (ADBE), valued between $1,001 and $15,000, with the stock trading at $204.83 at the time.
- Adobe's stock has faced recent analyst downgrades, with HSBC lowering its target to $267 from $310 on October 13, 2026.
- Several insiders, including Interim CFO Steven Day, have been active, with Day purchasing 546 shares on June 15, 2026.
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Overview of the Sale
On May 15, 2026, Gilbert Cisneros, a Democratic member of the House from California's 31st district, sold shares of Adobe Inc. (ADBE) valued between $1,001 and $15,000, with the stock trading at $204.83 at that time. This transaction was disclosed on June 9, 2026, as part of his periodic disclosure under the STOCK Act.
Gilbert Cisneros vs. the S&P 500
Hypothetical returns from Gilbert Cisneros's disclosed trades, not real profit or advice. How we model this.
Context of the Trade
Cisneros's sale comes during a period of increased insider activity at Adobe. The timing of this trade may raise questions, especially as it was reported several weeks after it occurred. This delay in disclosure is not uncommon for politicians involved in stock trades, but it does add a layer of scrutiny to their financial dealings.
Adobe's Stock and Recent Analyst Downgrades
Adobe's stock has been experiencing fluctuations, with recent analyst downgrades affecting its outlook. As of now, Adobe's shares are down significantly from their 52-week high of $363.70. The overall market sentiment has shifted, with HSBC downgrading its rating to "Hold" and lowering its price target to $267 from $310 on October 13, 2026. Additionally, Wells Fargo downgraded its rating from "Neutral" to "Underweight" with a target of $225, down from $270, on October 12, 2026.
Insider Buying and Selling at Adobe Inc.
In addition to Cisneros's sale, several insiders at Adobe have been active with their stock transactions. On June 15, 2026, Interim CFO Steven Day purchased 546 shares, while Chief Legal Officer Adele Pentland sold 7,800 shares on the same day. The activity on this date indicates that insiders are actively managing their holdings amidst the shifting market perceptions.
What Adobe Inc. Does
Adobe Inc. is a technology company known for its software products that help users create and manage digital content. With a market cap of around $97.9 billion, the company operates in several sectors, including digital media and digital experience. Recent events, including insider trades and analyst actions, suggest a dynamic environment for the company as it navigates growth and market challenges.
What to Watch at Adobe Inc.
As we look ahead, Adobe's next earnings report is scheduled for December 9, 2026. Analysts will be keen to see how the company performs in light of recent downgrades and insider trading activity. Keep in mind that the disclosure of trades under the STOCK Act reflects past positions and may not represent current holdings.
Related Filing Alerts
Source: Gilbert Cisneros's STOCK Act disclosure on $ADBE (May 15, 2026). Find the original filing: House financial disclosure search. Written by software, not financial advice. How we make alerts