Adobe Inc (ADBE US, +1, 24-Mar-25)

Daniel Durn (CFO since 2021) purchased $508,000 worth of stock on March 20th at $390.58, increasing his holdings by 5% to 30,000 shares. There are two interesting aspects of this purchase.

First, it is just his second purchase. His first was in September 2022 at $288 and proved very timely. The purchase is also a six-month reversal from a timely sale of $3.3 million on September 17, 2024 at $515. Six months is the minimum time required to prevent short-swing violations. We ranked this stock +1 on January 31st based on a $1 million purchase at $444 from David Ricks (Director since 2018), who has been a timely and rare buyer in both this stock and Eli Lilly (LLY), where he is Chair and CEO.

The stock has moved lower since Ricks’s purchase and our January upgrade, and it is interesting to see this purchase from the CFO.

We are renewing our +1 (strongly positive signal) rank.

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