Rep. Marjorie Taylor Greene Purchases Shares of Adobe Inc. (NASDAQ:ADBE)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Adobe stock on April 9th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 4/9/2025.
• Purchased $1,001 – $15,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/8/2025.

Adobe Stock Performance

ADBE traded down $0.53 during midday trading on Tuesday, hitting $350.38. 1,593,954 shares of the company were exchanged, compared to its average volume of 3,391,981. The company’s 50 day simple moving average is $411.27 and its 200 day simple moving average is $454.13. The firm has a market capitalization of $149.33 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.49. Adobe Inc. has a 1-year low of $332.01 and a 1-year high of $587.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, March 12th. The software company reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.11. The firm had revenue of $5.71 billion during 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 period in the previous year, the firm earned $4.48 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on ADBE shares. DA Davidson cut their price target on shares of Adobe from $600.00 to $450.00 and set a “buy” rating for the company in a report on Monday. Redburn Atlantic started coverage on shares of Adobe in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Oppenheimer reduced their price target on shares of Adobe from $560.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Summit Redstone set a $410.00 target price on Adobe in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price target on Adobe from $580.00 to $540.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Eleven investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $518.46.

Hedge Funds Weigh In On Adobe

Several hedge funds have recently bought and sold shares of ADBE. My Legacy Advisors LLC raised its stake in shares of Adobe by 4.4% during the 1st quarter. My Legacy Advisors LLC now owns 2,802 shares of the software company’s stock worth $1,075,000 after buying an additional 117 shares during the last quarter. CX Institutional boosted its holdings in Adobe by 420.4% in the first quarter. CX Institutional now owns 13,510 shares of the software company’s stock valued at $5,181,000 after acquiring an additional 10,914 shares during the last quarter. Integral Investment Advisors Inc. grew its stake in Adobe by 18.9% during the first quarter. Integral Investment Advisors Inc. now owns 3,307 shares of the software company’s stock worth $1,268,000 after buying an additional 525 shares during the period. Terra Alpha Investments LLC raised its holdings in shares of Adobe by 4.7% during the 1st quarter. Terra Alpha Investments LLC now owns 4,207 shares of the software company’s stock valued at $1,614,000 after buying an additional 190 shares during the period. Finally, Petredis Investment Advisors LLC increased its stake in Adobe by 2.5% during the 1st quarter. Petredis Investment Advisors LLC now owns 7,780 shares of the software company’s stock worth $2,984,000 after buying an additional 193 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Adobe

In related news, Director David A. Ricks acquired 2,250 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of $443.98 per share, for a total transaction of $998,955.00. Following the purchase, the director now directly owns 4,984 shares in the company, valued at $2,212,796.32. This represents a 82.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott Belsky sold 922 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $437.28, for a total transaction of $403,172.16. Following the completion of the transaction, the executive vice president now owns 22,153 shares of the company’s stock, valued at approximately $9,687,063.84. This trade represents a 4.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,075 shares of company stock valued at $2,191,826. Insiders own 0.16% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2026 election.

Adobe Company Profile

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.