Rep. Bruce Westerman Buys Adobe Inc. (NASDAQ:ADBE) Stock

18 Apr 2025, 17:10 by Teresa Graham · The Cerbat Gem

Representative Bruce Westerman (R-Arkansas) recently bought shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Adobe stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Adobe Stock Performance

Shares of NASDAQ ADBE traded up $4.61 during mid-day trading on Friday, reaching $348.80. 5,206,364 shares of the company’s stock were exchanged, compared to its average volume of 3,414,358. The firm has a 50-day moving average price of $405.74 and a two-hundred day moving average price of $451.49. 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 firm has a market capitalization of $148.66 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.15 and a beta of 1.49. Adobe Inc. has a 52 week low of $332.01 and a 52 week high of $587.75.

Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Wednesday, March 12th. The software company reported $5.08 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.11. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $4.48 EPS. Analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity

In other news, CAO Jillian Forusz sold 334 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $435.83, for a total value of $145,567.22. Following the transaction, the chief accounting officer now owns 2,685 shares of the company’s stock, valued at $1,170,203.55. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel Durn acquired 1,300 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $390.58 per share, with a total value of $507,754.00. Following the completion of the purchase, the chief financial officer now owns 29,876 shares in the company, valued at $11,668,968.08. This trade represents a 4.55 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 5,075 shares of company stock valued at $2,191,826 in the last ninety days. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Adobe

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in Adobe during the 4th quarter valued at $28,000. SWAN Capital LLC bought a new stake in Adobe in the 4th quarter worth about $28,000. Decker Retirement Planning Inc. bought a new position in Adobe during the 4th quarter valued at about $31,000. Summit Securities Group LLC bought a new stake in shares of Adobe in the fourth quarter worth approximately $31,000. Finally, Caitlin John LLC lifted its position in Adobe by 171.4% during the fourth quarter. Caitlin John LLC now owns 76 shares of the software company’s stock valued at $34,000 after purchasing an additional 48 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on Adobe from $530.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company cut their price target on Adobe from $640.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Jefferies Financial Group dropped their price objective on Adobe from $650.00 to $590.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Robert W. Baird decreased their price target on Adobe from $490.00 to $410.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Finally, StockNews.com lowered shares of Adobe from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.27.

Read Our Latest Report on Adobe

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Adobe

(Get Free Report)

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.