Sen. Markwayne Mullin Buys Adobe Inc. (NASDAQ:ADBE) Stock

Posted by ABMN Staff on Feb 5th, 2026

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on February 04th, the Senator disclosed that they had bought between $15,001 and $50,000 in Adobe stock on January 5th.

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

Purchased $15,001 – $50,000 in shares of McKesson (NYSE:MCK) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of APi Group (NYSE:APG) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Carpenter Technology (NYSE:CRS) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Amkor Technology (NASDAQ:AMKR) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Monolithic Power Systems (NASDAQ:MPWR) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Citigroup (NYSE:C) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of VSE (NASDAQ:VSEC) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of FirstCash (NASDAQ:FCFS) on 1/5/2026.
Purchased $15,001 – $50,000 in shares of Deere & Company (NYSE:DE) on 12/29/2025.

Adobe Trading Up 2.9%

ADBE stock opened at $279.71 on Thursday. The stock has a market cap of $114.82 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.07 and a beta of 1.51. The business’s 50-day moving average is $326.53 and its 200 day moving average is $340.06. Adobe Inc. has a 12-month low of $264.04 and a 12-month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Adobe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC raised its holdings in shares of Adobe by 1.8% in the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after buying an additional 29 shares during the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of Adobe by 1.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after buying an additional 30 shares during the period. Intellus Advisors LLC boosted its position in shares of Adobe by 1.6% during the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock worth $204,000 after buying an additional 30 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of Adobe by 20.8% during the 3rd quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets lowered shares of Adobe from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Piper Sandler lowered shares of Adobe from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $470.00 to $330.00 in a report on Monday. Mizuho decreased their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. The Goldman Sachs Group initiated coverage on shares of Adobe in a research note on Monday, January 12th. They issued a “sell” rating and a $290.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $391.81.

Read Our Latest Report on ADBE

Adobe News Summary

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe reversed course on plans to discontinue Adobe Animate after broad community backlash, putting the app into “maintenance mode” — a quick PR/operational fix that removed a key headline risk and likely helped calm creative customers. Adobe actually won’t discontinue Animate
Positive Sentiment: Semrush shareholders approved the merger agreement with Adobe, advancing a strategic acquisition that can bolster Adobe’s marketing analytics and advertising offerings. That M&A progress supports longer-term growth optionality. Semrush Shareholders Approve Merger Agreement with Adobe
Positive Sentiment: Adobe expanded its Cognizant AI partnership, a commercial move that could accelerate enterprise adoption of Adobe’s AI tools and support revenue diversification beyond creative suites. Adobe’s Expanded Cognizant AI Partnership Might Change The Case For Investing In Adobe (ADBE)
Neutral Sentiment: Broader software-sector selling pressure and debate over AI leaders (e.g., Anthropic/Claude capabilities) continue to weigh on multiples; some of Adobe’s moves reflect sector dynamics, not company-specific weakness. Why Software Is Facing A Market Sell-Off
Neutral Sentiment: Market commentary cautions against “bottom-feeding” in sell-offs, a reminder that today’s bounce may be part of a broader, volatile re-pricing in tech names. Do Stock Sell-Offs Pay Off?
Negative Sentiment: Adobe materially increased ad spending (reported ~$1.4B) as competition from AI tools rises — investors see rising marketing spend as a signal that organic demand/GTM is under strain, which can pressure margins and near-term EPS. Adobe boosts ad spending to $1.4 billion to attack fear over AI
Negative Sentiment: Several sell-side firms cut price targets or ratings (UBS, Baird, BMO) citing slower AI monetization and tougher comps, adding technical downward pressure and reducing near-term analyst support. UBS, Baird Lower PT on Adobe (ADBE)
Negative Sentiment: Stock recently hit 52-week lows and dropped materially in prior sessions amid sector weakness and worries over product strategy — a reminder that investor confidence is fragile despite today’s rebound. Is Adobe Stock Now A Falling Knife?
Negative Sentiment: The initial announcement to retire Adobe Animate (before the reversal) triggered significant backlash and negative publicity — evidence that execution missteps on legacy products can quickly erode goodwill with creative customers. Adobe Ends Animate, Abandoning Millions Of Artists Amid AI Push

Insider Activity at Adobe

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 transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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

(Get Free Report)

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.