Neonc Technologies (NASDAQ:NTHI) Stock: Insider Amir Heshmatpour Acquires 40,000 Shares

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour purchased 40,000 shares of Neonc Technologies stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $3.39 per share, for a total transaction of $135,600.00. Following the transaction, the chief executive officer owned 3,253,000 shares in the company, valued at $11,027,670. This represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Neonc Technologies Price Performance

Shares of NASDAQ NTHI opened at $3.49 on Monday. Neonc Technologies Holdings, Inc. has a 1-year low of $2.50 and a 1-year high of $12.00. The company has a 50-day moving average of $3.33 and a two-hundred day moving average of $5.38.

Neonc Technologies (NASDAQ:NTHI) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03).

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTHI. Weiss Ratings lowered Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Zacks Research raised Neonc Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday. Roth Capital initiated coverage on Neonc Technologies in a research report on Thursday, September 24th. They set a “buy” rating for the company. Wall Street Zen upgraded Neonc Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Neonc Technologies in a research note on Tuesday, September 8th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Institutional Investors Weigh In On Neonc Technologies

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in Neonc Technologies in the second quarter valued at approximately $1,017,000. BlackRock Inc. bought a new position in Neonc Technologies in the second quarter valued at approximately $815,000. Global Retirement Partners LLC bought a new position in Neonc Technologies in the second quarter valued at approximately $126,000. Finally, Westmount Partners LLC grew its holdings in Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock worth $893,000 after acquiring an additional 153,858 shares during the period.

Neonc Technologies Company Profile