Chief Business Officer of $NMTC Buys 1,000,000 Shares in Insider Purchase

David J. Wambeke, the Chief Business Officer of the company known as $NMTC, recently made a substantial insider purchase by acquiring 1,000,000 shares for approximately $670,400. This transaction, which occurred on 03-01-2026, was disclosed through a filing with the Securities and Exchange Commission (SEC) and was identified by Quiver Quantitative. As a result of this purchase, Wambeke’s ownership of this particular class of $NMTC stock experienced a significant increase. Following the trade, Wambeke now holds a total of 1,000,000 shares of this stock.

The insider trading activity of $NMTC has been notable in recent months, with insiders engaging in trading on the open market a total of two times within the past six months. Out of these transactions, one involved a purchase, while the other was a sale. Specifically, David J. Wambeke, the Chief Business Officer, acquired 1,000,000 shares at the aforementioned price, while Mark Christianson, the Business Development Director, sold 30,000 shares for an estimated $22,203.

Regarding hedge fund activity related to $NMTC, recent trends indicate that 15 institutional investors added shares of the company’s stock to their portfolios, while 18 decreased their positions in the most recent quarter. Notable moves in this realm include SIO Capital Management, LLC removing 1,220,595 shares from their portfolio, amounting to a reduction of 51.7%, alongside AWM Investment Company, Inc. removing 916,667 shares from their holdings, indicating a complete divestment of their position in $NMTC.

On the analyst front, Wall Street has offered assessments of $NMTC in recent months, with one firm issuing a buy rating on the stock. Maxim Group, for instance, issued a “Buy” rating on 09/09/2025. Furthermore, multiple analysts have provided price targets for $NMTC, with two analysts delivering their predictions within the last six months. The median target price for $NMTC stands at $2.25, with varying estimates such as Justin Walsh’s target of $1.5 on 03/02/2026 and Anthony Vendetti’s target of $3.0 on 09/09/2025.

It is important to note that the information presented in this article should not be construed as financial advice. For additional insights and disclaimers related to the matters discussed, refer to Quiver Quantitative’s resources.