Gena Cheng and Other Insiders Buy Shares of ADAM
Gena Cheng and other insiders each bought 14,238 shares of ADAM on June 19, 2026.
Key Points
- Gena Cheng bought 14,238 shares of ADAM on June 19, 2026, alongside other insiders making similar purchases.
- ADAM shares traded near $8.94 on Tuesday, with notable institutional activity from BlackRock and Vanguard.
- Analysts from Keefe, Bruyette & Woods and Jones Trading maintained ratings with price targets of $9.0 and $9.5, respectively.
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On June 19, 2026, Gena Cheng bought 14,238 shares of ADAM, marking a significant insider purchase. This transaction was not part of a pre-planned trading plan. Several other insiders, including Michael Clement and Steven Norcutt, mirrored this move by acquiring the same number of shares each.
Other Institutional Activity in ADAM
Institutional investors have been active in ADAM. BlackRock, Inc. trimmed its holdings by 149,632 shares, leaving it with 13,272,581 shares valued at approximately $97.7 million. Meanwhile, Vanguard Capital Management LLC opened a new position with 3,787,445 shares worth about $27.9 million. State Street Corp increased its stake by 75,485 shares to hold 3,345,336 shares valued at $25.4 million. Invesco Ltd. slightly reduced its holdings by 4,202 shares, ending with 3,170,045 shares worth around $23.3 million. Allspring Global Investments Holdings, LLC cut its position by 498,005 shares, resulting in 2,867,614 shares valued at $21.1 million.
Adamas Trust, Inc. Stock Down 7.4%
Shares of ADAM traded near $8.94 on Tuesday. The stock's recent activity reflects a diverse range of institutional opinions and movements. With a focus on insider buying, the stock's performance may be closely watched by investors looking to gauge sentiment.
$ADAM stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Adamas Trust, Inc.
On June 19, 2026, several insiders, including Clement Michael, Norcutt Steven, Mumma Steven, Cheng Gena, Pendergast Lisa, and Greenberg Audrey, each purchased 14,238 shares of ADAM. These transactions were made without pre-planned trading plans, indicating a direct decision to increase their personal stakes in the company.
Analysts Set New Price Targets
On February 20, 2026, Keefe, Bruyette & Woods maintained a hold rating on ADAM with a price target of $9.0. On the same day, Jones Trading maintained a buy rating, setting a price target of $9.5. Earlier, on January 6, 2026, B. Riley Securities reinstated a buy rating with a $9.0 target.
Bottom Line
The insider purchases by Gena Cheng and others suggest a positive outlook from those closely involved with ADAM. With institutional investors making varied moves and analysts maintaining favorable ratings, ADAM's stock remains a point of interest. As always, it's important to remember that these insider transactions provide a historical perspective and may not represent current positions.
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