Adobe (NASDAQ:ADBE) Shares Unloaded Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Adobe Inc. NASDAQ: ADBE. In a filing disclosed on May 12th, the Senator disclosed that they had sold between $15,001 and $50,000 in Adobe stock on April 8th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 4/8/2025.
• Sold $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Lam Research NASDAQ: LRCX on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Thermo Fisher Scientific NYSE: TMO on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/8/2025.
• Sold $15,001 - $50,000 in shares of ConocoPhillips NYSE: COP on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
• Purchased $15,001 - $50,000 in shares of Capital One Financial NYSE: COF on 3/19/2025.

Adobe Price Performance

Shares of Adobe stock traded up $5.22 during trading on Thursday, hitting $404.69. 2,761,601 shares of the company's stock traded hands, compared to its average volume of 3,430,094. The firm's fifty day moving average price is $376.62 and its 200 day moving average price is $435.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $172.48 billion, a PE ratio of 32.64, a PEG ratio of 2.15 and a beta of 1.55. Adobe Inc. has a twelve month low of $332.01 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.11. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.66 billion. Adobe had a net margin of 25.85% and a return on equity of 45.87%. During the same quarter in the prior year, the firm earned $4.48 EPS. Analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Institutional Investors Weigh In On Adobe

Several large investors have recently bought and sold shares of the business. Sepio Capital LP lifted its holdings in shares of Adobe by 2.3% in the 4th quarter. Sepio Capital LP now owns 993 shares of the software company's stock worth $442,000 after acquiring an additional 22 shares during the last quarter. Cadence Bank boosted its position in shares of Adobe by 0.5% during the fourth quarter. Cadence Bank now owns 4,883 shares of the software company's stock valued at $2,171,000 after buying an additional 22 shares during the period. Eagle Strategies LLC raised its holdings in shares of Adobe by 1.5% in the fourth quarter. Eagle Strategies LLC now owns 1,465 shares of the software company's stock worth $651,000 after buying an additional 22 shares during the period. RB Capital Management LLC lifted its stake in shares of Adobe by 0.4% during the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock worth $2,198,000 after acquiring an additional 22 shares during the last quarter. Finally, Foster Group Inc. lifted its position in shares of Adobe by 4.6% during the fourth quarter. Foster Group Inc. now owns 526 shares of the software company's stock worth $234,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com downgraded Adobe from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. DA Davidson lowered their price target on Adobe from $600.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets decreased their price target on shares of Adobe from $495.00 to $450.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI lowered their price objective on Adobe from $650.00 to $550.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their target price on shares of Adobe from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eleven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $502.88.

Insider Activity

In other news, CFO Daniel Durn purchased 1,300 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $390.58 per share, with a total value of $507,754.00. Following the transaction, the chief financial officer now owns 29,876 shares of the company's stock, valued at $11,668,968.08. This represents a 4.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.