The President & Chief Executive Officer of Neptune Wellness Solutions (NASDAQ: NEPT) is Buying Shares

Yesterday, the President & Chief Executive Officer of Neptune Wellness Solutions (NEPTResearch Report), Michael Taylor Cammarata, bought shares of NEPT for $43.19K.

Following this transaction Michael Taylor Cammarata’s holding in the company was increased by 1% to a total of $3.23 million. In addition to Michael Taylor Cammarata, one other NEPT executive reported Buy trades in the last month.

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Based on Neptune Wellness Solutions’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $28.69 million and GAAP net loss of -$21,840,121. In comparison, last year the company earned revenue of $6.51 million and had a GAAP net loss of $20.77 million. The company has a one-year high of $3.58 and a one-year low of $0.96.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $3.96, reflecting a -58.6% downside. Three different firms, including Desjardins and Echelon Wealth Partners, currently also have a Buy rating on the stock.

The insider sentiment on Neptune Wellness Solutions has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Neptune Wellness Solutions, Inc. engages in the extraction, purification, and formulation of cannabis products, and provides customized turnkey solutions, and specialty ingredients for the nutrition industry. It focuses on the development of value added and differentiated products for the Canadian and global cannabis markets. Its activities include the development and commercialization of turnkey nutrition solutions and patented ingredients such as MaxSimil, and of a variety of marine and seed oils. The firm also active in five main areas such as Legal Cannabis Products, Turnkey Nutrition Solutions, Ingredients, Pet Supplements, and Consumer Brands. The company was founded by Henri Harland on October 9, 1998 and is headquartered in Laval, Canada.