Sen. Markwayne Mullin Sells Off Shares of Adobe Inc. (NASDAQ:ADBE)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on October 01st, the Senator disclosed that they had sold between $15,001 and $50,000 in Adobe stock on September 24th.

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

• Purchased $50,001 – $100,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 9/24/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Accenture (NYSE:ACN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Wabtec (NYSE:WAB) on 9/23/2025.
• Sold $1,001 – $15,000 in shares of Wabtec (NYSE:WAB) on 9/23/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 8/1/2025.

Adobe Stock Performance

NASDAQ ADBE opened at $343.72 on Thursday. The company’s 50 day simple moving average is $354.11 and its two-hundred day simple moving average is $373.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The stock has a market capitalization of $143.88 billion, a PE ratio of 21.42, a P/E/G ratio of 1.58 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group dropped their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Finally, Oppenheimer dropped their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $433.41.

Institutional Investors Weigh In On Adobe

Institutional investors have recently bought and sold shares of the stock. Farmers Trust Co. grew its position in Adobe by 3.3% during the 3rd quarter. Farmers Trust Co. now owns 12,241 shares of the software company’s stock worth $4,318,000 after acquiring an additional 396 shares during the last quarter. Dakota Community Bank & Trust NA lifted its position in Adobe by 12.8% in the second quarter. Dakota Community Bank & Trust NA now owns 274 shares of the software company’s stock valued at $106,000 after purchasing an additional 31 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of Adobe during the second quarter valued at approximately $1,676,000. Watts Gwilliam & Co. LLC bought a new position in shares of Adobe in the second quarter worth approximately $397,000. Finally, Amiral Gestion increased its stake in shares of Adobe by 69.7% in the second quarter. Amiral Gestion now owns 96,949 shares of the software company’s stock worth $37,508,000 after buying an additional 39,830 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.