Neonc Technologies (NASDAQ:NTHI) Stock: Insider Amir Heshmatpour Acquires 30,000 Shares

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour acquired 30,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $3.17 per share, with a total value of $95,100.00. Following the acquisition, the chief executive officer directly owned 3,213,000 shares in the company, valued at approximately $10,185,210. This trade represents a 0.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Neonc Technologies Stock Performance

Shares of NASDAQ:NTHI opened at $3.49 on Monday. Neonc Technologies Holdings, Inc. has a 12-month low of $2.50 and a 12-month high of $12.00. The company’s 50 day moving average price is $3.33 and its two-hundred day moving average price is $5.38.

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

Institutional Investors Weigh In On Neonc Technologies

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

Analyst Upgrades and Downgrades

NTHI has been the subject of several recent analyst reports. Roth Capital initiated coverage on Neonc Technologies in a research report on Thursday, September 24th. They set a “buy” rating for the company. BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of Neonc Technologies in a research report on Tuesday, September 8th. Wall Street Zen raised Neonc Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Finally, Zacks Research upgraded Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Neonc Technologies Company Profile