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

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

Neonc Technologies Price 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 business has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $5.38.

Neonc Technologies (NASDAQ:NTHI) last announced its 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).

Hedge Funds Weigh In On Neonc Technologies

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Neonc Technologies by 5.0% in the first quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock valued at $1,650,000 after buying an additional 11,108 shares during the period. Global Retirement Partners LLC acquired a new stake in Neonc Technologies during the 2nd quarter worth about $126,000. 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, BlackRock Inc. acquired a new stake in Neonc Technologies during the 2nd quarter worth about $815,000.

Wall Street Analyst Weigh In

NTHI has been the subject of a number of analyst reports. 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. Zacks Research upgraded Neonc Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday. Wall Street Zen raised shares of Neonc Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Roth Capital assumed coverage on shares of Neonc Technologies in a research report on Thursday, September 24th. They set a “buy” rating for the company. Finally, Weiss Ratings lowered shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Neonc Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

About Neonc Technologies