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

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

Neonc Technologies Stock Up 7.2%

Shares of NASDAQ NTHI opened at $3.74 on Tuesday. The stock’s fifty day moving average price is $3.31 and its two-hundred day moving average price is $5.36. Neonc Technologies Holdings, Inc. has a one year low of $2.50 and a one year high of $12.00.

Neonc Technologies (NASDAQ:NTHI) last posted its 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 institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in shares of Neonc Technologies during the second quarter worth about $126,000. BlackRock Inc. acquired a new stake in Neonc Technologies during the 2nd quarter worth about $815,000. 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. Finally, Bank of America Corp DE bought a new stake in shares of Neonc Technologies during the 2nd quarter valued at about $1,017,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NTHI. Zacks Research upgraded Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. BTIG Research reiterated a “buy” rating and issued a $15.00 price target on shares of Neonc Technologies in a research note on Tuesday, September 8th. Roth Capital assumed coverage on Neonc Technologies in a research note on Thursday, September 24th. They issued a “buy” rating on the stock. Wall Street Zen raised shares of Neonc Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings cut shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Neonc Technologies Company Profile