The CEO of Adamas Pharmaceuticals (NASDAQ: ADMS) is Buying Shares

Today, the CEO of Adamas Pharmaceuticals (ADMSResearch Report), Gregory Went, bought shares of ADMS for $49.93K.

This recent transaction increases Gregory Went’s holding in the company by 1.02% to a total of $4.96 million.

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Based on Adamas Pharmaceuticals’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.61 million and GAAP net loss of $33.15 million. In comparison, last year the company earned revenue of $1,000 and had a GAAP net loss of $23.36 million. Currently, Adamas Pharmaceuticals has an average volume of 989.8K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.25, reflecting a 117.3% upside. Three different firms, including Mizuho Securities and H.C. Wainwright, currently also have a Buy rating on the stock.

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Adamas Pharmaceuticals, Inc. is a pharmaceutical company, which engages in discovery and development of chrono-synchronous therapies for chronic neurologic disorders. Its products includes ADS-5012, ADS-4101, and Namenda XR. The ADS-5102 is a treatment for levodopa-induced dyskinesia in patients with Parkinson’s disease.

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