Adobe CEO Shantanu Narayen sells $31.3m in shares

Adobe CEO Shantanu Narayen sold 125,000 shares of the company's common stock on September 16 and 17, 2026, for a total of approximately $31,344,876. The sales occurred at prices ranging from $246.0861 to $253.6366 per share, with the transactions primarily made for tax and estate planning purposes. Despite the insider sale, Adobe stock has declined 29% year-to-date, but an InvestingPro analysis suggests the stock is currently undervalued.

Meanwhile, Adobe reported strong third-quarter earnings growth of 12% and maintained its full-year annual recurring revenue outlook and guidance, leading to varying reactions from analysts who adjusted their price targets upwards or maintained a cautious stance.

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