Senator Markwayne Mullin (Republican-Oklahoma) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on March 02nd, the Senator disclosed that they had bought between $15,001 and $50,000 in Adobe stock on February 4th.
Senator Markwayne Mullin also recently made the following trade(s):
- Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 2/4/2026.
- Sold $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 2/4/2026.
- Purchased $15,001 – $50,000 in shares of McKesson (NYSE:MCK) on 2/4/2026.
- Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 2/4/2026.
- Purchased $15,001 – $50,000 in shares of FirstCash (NASDAQ:FCFS) on 2/4/2026.
- Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 2/4/2026.
- Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 2/4/2026.
- Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/4/2026.
- Purchased $15,001 – $50,000 in shares of Monolithic Power Systems (NASDAQ:MPWR) on 2/4/2026.
- Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 2/4/2026.
Adobe Stock Up 3.9%
Adobe stock opened at $270.96 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $296.08 and its 200-day moving average is $327.50. The firm has a market capitalization of $111.23 billion, a PE ratio of 16.22, a P/E/G ratio of 1.03 and a beta of 1.53. Adobe Inc. has a fifty-two week low of $244.28 and a fifty-two week high of $453.26.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Western Pacific Wealth Management LP bought a new position in Adobe during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Adobe in the third quarter worth $27,000. LSV Asset Management raised its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in Adobe during the third quarter worth about $28,000. 81.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Piper Sandler downgraded shares of Adobe from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $470.00 to $330.00 in a report on Monday, February 2nd. Stifel Nicolaus decreased their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Jefferies Financial Group lowered their price target on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, UBS Group decreased their target price on Adobe from $375.00 to $340.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and an average price target of $392.76.
Insider Buying and Selling
In other Adobe news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the transaction, the chief financial officer directly owned 41,995 shares of the company’s stock, valued at $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
Key Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Near-term catalyst — Adobe will report fiscal Q1 2026 results after the close on March 12; that scheduled release and conference call is driving positioning into the print. Adobe to Announce Q1 FY2026 Earnings Results on March 12, 2026
- Positive Sentiment: Enterprise AI momentum — Adobe and WPP expanded a global partnership to combine Adobe’s AI tools with WPP’s agentic marketing workflows, which investors see as a tangible route to monetize AI across large enterprise clients and defend Adobe’s product moat. Adobe WPP AI Alliance Tests Moat In Enterprise Marketing Workflows
- Positive Sentiment: Reported new institutional interest — media reports that Michael Burry opened a position in ADBE have circulated and appear to be supporting bullish flows (rumor-driven buying). This has likely added to intraday momentum. Big Short Investor Michael Burry Opens New Position in Adobe Stock (ADBE)
- Positive Sentiment: Earnings-beat track record — analysts and commentary (Zacks, others) note Adobe’s history of beating estimates and argue the company has the setup to deliver another upside, which can lift sentiment into the print. Will Adobe (ADBE) Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: Short-interest data in recent feeds show anomalous/zero values (likely a reporting artifact), so short-interest is not currently adding clear pressure or a squeeze signal.
- Negative Sentiment: Heightened AI competition — some analysts warn new AI tools lower barriers for competitors and could pressure Adobe’s creative franchise and long-term pricing power, tempering upside expectations. Heightened AI Competition Fuels Analyst Skepticism on Adobe (ADBE)
- Negative Sentiment: Notable portfolio moves and insider sales — filings cited large institutional reductions (e.g., UBS) and a small number of insider sales in recent months; heavy fund rebalancing can add supply and cap near-term gains. Adobe shares climb as investors position ahead of March 12 earnings and recent AI-focused enterprise momentum
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, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.
The company’s core offerings are organized around digital media and digital experience.
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