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

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) CEO Amir Heshmatpour acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased 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 owned 3,253,000 shares of the company’s stock, valued at $11,027,670. This represents a 1.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neonc Technologies Stock Performance

NASDAQ NTHI opened at $3.49 on Monday. The stock’s 50 day moving average price is $3.33 and its two-hundred day moving average price is $5.38. Neonc Technologies Holdings, Inc. has a 52 week low of $2.50 and a 52 week high of $12.00.

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 Inflows and Outflows

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

Analyst Ratings Changes

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

About Neonc Technologies