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

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour acquired 40,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was bought at an average price of $3.39 per share, with a total value of $135,600.00. Following the completion of the acquisition, the chief executive officer directly owned 3,253,000 shares in the company, valued at approximately $11,027,670. This represents a 1.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Neonc Technologies Stock Up 7.2%

NASDAQ:NTHI opened at $3.74 on Tuesday. The company has a 50-day moving average price of $3.31 and a 200-day moving average price of $5.36. Neonc Technologies Holdings, Inc. has a 12 month low of $2.50 and a 12 month high of $12.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTHI. Weiss Ratings downgraded Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Zacks Research raised Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. Roth Capital started coverage on Neonc Technologies in a research note on Thursday, September 24th. They issued 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 restated a “buy” rating and set a $15.00 price target on shares of Neonc Technologies in a research report on Tuesday, September 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Institutional Investors Weigh In On Neonc Technologies

Several hedge funds have recently added to or reduced their stakes in NTHI. Bank of America Corp DE increased its holdings in shares of Neonc Technologies by 5.0% during the first quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock valued at $1,650,000 after acquiring an additional 11,108 shares in the last quarter. Westmount Partners LLC raised its position in shares of Neonc Technologies by 355.2% in the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock worth $893,000 after purchasing an additional 153,858 shares during the last quarter. BlackRock Inc. bought a new position in Neonc Technologies in the 2nd quarter worth about $815,000. Finally, Global Retirement Partners LLC bought a new position in Neonc Technologies in the 2nd quarter worth about $126,000.

Neonc Technologies Company Profile