Ncino Inc.’s filing revealed that its Director RUH WILLIAM J unloaded Company’s shares for reported $0.18 million on Apr 09 ’24. In the deal valued at $35.16 per share,5,000 shares were sold. As a result of this transaction, RUH WILLIAM J now holds 246,201 shares worth roughly $7.3 million.
Then, Sellers Jeanette sold 563 shares, generating $19,947 in total proceeds. Upon selling the shares at $35.43, the VP of Accounting now owns 30,392 shares.
Before that, Naude Pierre sold 10,924 shares. Ncino Inc. shares valued at $375,928 were divested by the CEO at a price of $34.41 per share. As a result of the transaction, Naude Pierre now holds 1,159,395 shares, worth roughly $34.36 million.
Keefe Bruyette initiated its Ncino Inc. [NCNO] rating to an Outperform in a research note published on April 09, 2024; the price target was $41. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal-weight”. Piper Sandler also remained covering NCNO and has increased its forecast on January 02, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Stephens revised its rating on October 02, 2023. It rated NCNO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of NCNO
On Monday, Ncino Inc. [NASDAQ:NCNO] saw its stock jump 0.78% to $29.64. Over the last five days, the stock has lost -4.51%. Ncino Inc. shares have fallen nearly -11.86% since the year began. Nevertheless, the stocks have risen 18.09% over the past one year. While a 52-week high of $37.48 was reached on 03/28/24, a 52-week low of $21.26 was recorded on 03/06/24. SMA at 50 days reached $31.11, while 200 days put it at $30.85. A total of 0.99 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 29.27, which if violated will result in even more drops to 28.91. On the upside, there is a resistance level at 29.85. A further resistance level may holdings at 30.07. The Relative Strength Index (RSI) on the 14-day chart is 38.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.96%. Stochastics %K at 4.31% indicates the stock is a buying.
