David A. Ricks, Director at ADOBE INC. (ADBE), bought 10,000 shares at $194.51 ($1.9M) on 2026-06-25, disclosed to the SEC on 2026-06-26.
Director David A. Ricks purchased 10,000 shares for $1.9M, marking the largest insider purchase in the company's history. This significant capital commitment suggests confidence in Adobe's valuation, especially given the stock's recent recovery from a 52-week low.
The stock is up 8.8% over the past 30 days and 10.36% over the last 90 days, trading 15.63% above its 52-week low of $224.13.
Catalysts include the June 25 announcement that Adobe is doubling down on AI with the Topaz Labs acquisition to boost Firefly capabilities. Additionally, June 26 news noted that 'The Big Short' investor Michael Burry purchased Adobe calls, and the trade itself represents the largest insider purchase in the company's history.
The stock carries a high beta of 1.404, indicating significant volatility relative to the market. Furthermore, short interest remains elevated at 5.88% of the float, which could pressure the stock if sentiment turns negative.
Clearly above the average filing.
| Filing → |
| ADBE | BUY | 2022-09-27 | $337K | — | Filing → |
| LLY | BUY | 2019-10-25 | $1.0M | — | Filing → |
| ADBE | BUY | 2018-12-21 | $16K | — | Filing → |