Mama’s creations CEO Adam Michaels sells $927k in Mama stock

Adam Laurance Michaels, CEO and Director of Mama’s Creations, Inc. (MAMA), sold approximately $927,257 worth of company stock on September 23, 2026. This sale, which included 69,683 shares, took place after he acquired 14,814 restricted stock units the previous day. These units were acquired at a price of $0 and are set to convert into common stock shares between September 22, 2027, and 2030.

The shares Michaels sold were traded at prices between $13.04 and $13.69, with a weighted average price of $13.3068. The transactions were executed under a Rule 10b5-1 trading plan adopted by Michaels on July 13, 2025, aimed at meeting tax withholding obligations from previously granted restricted stock awards. At current trading prices of $13.37, Mama’s Creations stock is significantly lower than its 52-week high of $21 and has decreased by over 11% in the past six months.

Following these transactions, Michaels now directly owns 722,719 shares of Mama’s Creations common stock. Despite a recent analysis indicating that the company appears overvalued relative to its fair value estimate, Mama’s Creations reported strong second-quarter fiscal 2027 results. Revenue grew by 55%, reaching $54.6 million, and earnings per share surpassed expectations at $0.06.

These results were driven by the company’s expansion at major retailers like Walmart and Kroger. Following the positive earnings report, investment analysts DA Davidson raised its price target for Mama’s Creations to $22.00 and maintained a Buy rating, while StoneX similarly reaffirmed its Buy rating with a price target of $25.00.

Mama’s Creations is also set to launch new products at Kroger and return to Costco, signaling continued growth and strategic partnerships with prominent retail chains.