Key Points
- Insider purchase: President Amir Heshmatpour bought 10,000 shares at an average price of $5.61 for $56,100, raising his direct stake to 3,027,000 shares (a 0.33% increase) valued at about $17.0M.
- Shares under pressure: NTHI opened at $5.12 (down 4.7%), trading near its 12‑month low and well below the 50‑day ($8.64) and 200‑day ($9.12) moving averages.
- Institutional activity is mixed—with several funds (including 683 Capital, OMERS, Barclays, State Street and Goldman Sachs) adding or initiating positions—while analyst sentiment remains cautious, with an average rating of "Reduce".
Neonc Technologies Holdings, Inc. (NASDAQ:NTHI - Get Free Report) President Amir Heshmatpour bought 5,000 shares of Neonc Technologies stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average cost of $5.19 per share, for a total transaction of $25,950.00. Following the purchase, the president owned 3,032,000 shares of the company's stock, valued at $15,736,080. The trade was a 0.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Neonc Technologies Price Performance
NTHI opened at $5.12 on Friday. Neonc Technologies Holdings, Inc. has a 52 week low of $3.20 and a 52 week high of $12.99. The business's fifty day simple moving average is $8.64 and its 200 day simple moving average is $9.12.
Wall Street Analyst Weigh In
NTHI has been the topic of several recent research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Neonc Technologies in a report on Friday, March 27th. Zacks Research raised shares of Neonc Technologies to a "hold" rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".
Check Out Our Latest Report on NTHI
Hedge Funds Weigh In On Neonc Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Neonc Technologies by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 226,486 shares of the company's stock valued at $2,056,000 after purchasing an additional 2,207 shares during the last quarter. Westmount Partners LLC boosted its position in Neonc Technologies by 7.7% during the 4th quarter. Westmount Partners LLC now owns 43,320 shares of the company's stock valued at $358,000 after buying an additional 3,112 shares during the period. State Street Corp boosted its position in Neonc Technologies by 9.9% during the 4th quarter. State Street Corp now owns 43,170 shares of the company's stock valued at $357,000 after buying an additional 3,900 shares during the period. Barclays PLC boosted its position in Neonc Technologies by 5,314.8% during the 4th quarter. Barclays PLC now owns 9,151 shares of the company's stock valued at $76,000 after buying an additional 8,982 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new stake in Neonc Technologies during the 3rd quarter valued at $100,000.
Neonc Technologies Company Profile
(
Get Free Report)
Neonc Technologies Holdings, Inc develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. Its lead products in development include NEO100, which is in Phase 2a clinical trials for treating glioblastoma; and NEO212, a covalently conjugated molecule combining the chemotherapeutic drug temozolomide with perillyl alcohol that is completed preclinical testing. The company was incorporated in 2023 and is based in Los Angeles, California.
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