Michael Burry warns of ‘suspicious revenue recognition’ after Nvidia earnings
Neogen (NASDAQ:NEOG) CEO Nassif Mikheal reported purchasing 177 common shares of the company’s stock on November 3, 2025, at a price of $6.25 per share, totaling $1,106.
Following the transaction, Mikheal indirectly owns 495 shares. The shares are held by his son.
In other recent news, Neogen Corporation reported a notable earnings beat for the first quarter of 2026, with earnings per share (EPS) of $0.04, surpassing the forecasted -$0.07. The company’s revenue also exceeded expectations, reaching $209.2 million compared to the anticipated $202.43 million. In another development, Moody’s Ratings downgraded Neogen Food Safety’s Corporate Family Rating to B1 from Ba3, while the outlook was revised to stable from negative. The downgrade also affected the company’s Probability of Default Rating and senior unsecured notes rating. Additionally, Neogen announced the appointment of Bryan Riggsbee as the new Chief Financial Officer, effective November 3, 2025. Current CFO David Naemura will stay with the company until the end of the year to ensure a smooth transition. At the 2025 Annual Meeting of Shareholders, Neogen’s shareholders re-elected all nominated directors but rejected executive compensation proposals. These recent developments highlight significant changes and performance updates at Neogen Corporation.
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