Neonc Technologies (NASDAQ:NTHI) CEO Amir Heshmatpour Buys 10,000 Shares of Company Stock

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was bought at an average price of $3.86 per share, for a total transaction of $38,600.00. Following the purchase, the chief executive officer owned 3,263,000 shares in the company, valued at approximately $12,595,180. This represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Neonc Technologies Stock Up 7.2%

Neonc Technologies stock opened at $3.74 on Tuesday. Neonc Technologies Holdings, Inc. has a 52-week low of $2.50 and a 52-week high of $12.00. The firm’s fifty day moving average is $3.31 and its 200 day moving average is $5.36.

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).

Institutional Trading of Neonc Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of NTHI. Bank of America Corp DE bought a new stake in shares of Neonc Technologies in the 2nd quarter valued at about $1,017,000. BlackRock Inc. acquired a new position in shares of Neonc Technologies during the second quarter worth $815,000. Westmount Partners LLC lifted its holdings in shares of Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock valued at $893,000 after purchasing an additional 153,858 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Neonc Technologies during the 2nd quarter worth $126,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTHI. Roth Capital began coverage on shares of Neonc Technologies in a report on Thursday, September 24th. They set a “buy” rating on the stock. BTIG Research reiterated a “buy” rating and issued a $15.00 target price on shares of Neonc Technologies in a research note on Tuesday, September 8th. Wall Street Zen raised shares of Neonc Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised shares of Neonc Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, Weiss Ratings downgraded Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 21st. Four 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 stock. According to MarketBeat.com, Neonc Technologies has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Neonc Technologies Company Profile