Prime Capital Investment Advisors LLC sold 71.5% of its stake in Adobe Inc. during the third quarter. This reduction was detailed in a recent SEC disclosure.
The firm sold 19,547 shares. PCIA maintains a remaining position of 7,796 shares, valued at $2.75 million.
Adobe stock faces pressure from broader weakness in the software sector and various analyst downgrades.
The filing coincides with the company's previous quarterly earnings beat, announced December 10th, and its established fiscal year 2026 guidance. The MarketBeat consensus rating remains a "Hold."