Neogen CEO Mikheal Nassif buys $4,369 in company stock
Neogen CEO Mikheal Nassif buys $4,369 in company stock
Mikheal Nassif, the Chief Executive Officer and a director at NEOGEN CORP (NASDAQ:NEOG), purchased shares of the company’s common stock on August 4, 2026.
Mr. Nassif acquired 370 shares of common stock at a price of $11.81 per share, totaling $4,369. The purchase comes as NEOGEN shares currently trade at $11.40, following a remarkable 139% gain over the past year. Following this transaction, Mr. Nassif’s indirect beneficial ownership stands at 1,074 shares, held by his son. Mr. Nassif has disclaimed beneficial ownership of these securities.According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value. Investors seeking deeper insights can access comprehensive Pro Research Reports and 10 additional ProTips for NEOG on the platform.
In other recent news, Neogen Corporation reported fiscal fourth-quarter results that exceeded expectations. The company announced adjusted earnings of $0.09 per share on revenue of $225.3 million, surpassing Wall Street estimates of $0.05 per share and $212.52 million in revenue. This performance marked Neogen’s strongest quarter in fiscal 2026, with core growth reaching 4.3% and food safety sales increasing by 5.8% on a core basis. These results contributed to a notable increase in investor interest. The financial community responded positively, as evidenced by the stock’s movement. Additionally, analysts have taken note of Neogen’s performance, with several firms closely monitoring the company’s growth trajectory. These developments underscore Neogen’s robust financial health and strategic positioning in the market.