Lisa Pendergast Buys Shares of ADAM
On June 19, 2026, Lisa Pendergast purchased 14,238 shares of ADAM.
Key Points
- Lisa Pendergast bought 14,238 shares of ADAM on June 19, 2026, as part of insider buying activity.
- Shares of ADAM traded near $8.94 on Tuesday, with major funds like BlackRock and Vanguard adjusting their positions.
- Analysts from Keefe, Bruyette & Woods maintained a hold rating, while Jones Trading kept a buy rating with targets of $9.0 and $9.5 respectively.
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On June 19, 2026, Lisa Pendergast purchased 14,238 shares of ADAM. This insider buying activity did not involve a pre-arranged trading plan, and the transaction was coded as a direct acquisition.
Other Institutional Activity in ADAM
BlackRock, Inc. trimmed its holdings in ADAM by 149,632 shares, now holding 13,272,581 shares valued at about $97.7 million, a decrease of 1.1%. Vanguard Capital Management LLC opened a new position with 3,787,445 shares worth approximately $27.9 million. State Street Corp increased its stake by 75,485 shares to 3,345,336 shares, valued at $25.4 million, marking a 2.3% rise. Invesco Ltd. slightly reduced its position by 4,202 shares, holding 3,170,045 shares worth $23.3 million, a decrease of 0.1%. Meanwhile, Allspring Global Investments Holdings, LLC cut its stake by 498,005 shares to 2,867,614 shares, valued at $21.1 million, a 14.8% reduction.
Adamas Trust, Inc. Stock Down 7.4%
Shares of ADAM traded near $8.94 on Tuesday. The stock has seen adjustments in institutional holdings, reflecting varied confidence levels among major investors. With ongoing activities among key stakeholders, the stock remains under observation by market participants.
$ADAM stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Adamas Trust, Inc.
Several insiders, including Clement Michael, Norcutt Steven, Mumma Steven, Cheng Gena, Pendergast Lisa, and Greenberg Audrey, each bought 14,238 shares of ADAM on June 19, 2026. None of these transactions were planned under Rule 10b5-1, indicating they were direct purchases.
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 its buy rating with a target of $9.5. Earlier, on January 6, 2026, B. Riley Securities reinstated its buy rating with a target of $9.0. These ratings highlight a mix of cautious and optimistic outlooks from analysts.
Bottom Line
The recent insider buying by Lisa Pendergast and other executives at ADAM indicates some level of confidence in the company's prospects. Institutional investors like BlackRock and Vanguard are adjusting their positions, reflecting their strategic assessments. Analysts are holding steady with their ratings, suggesting a cautious yet positive sentiment. Remember, these insights are based on past filings and may not represent current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.