Ncino Inc.’s recent filing unveils that its CEO Naude Pierre unloaded Company’s shares for reported $0.48 million on May 03 ’24. In the deal valued at $30.20 per share,15,813 shares were sold. As a result of this transaction, Naude Pierre now holds 1,128,340 shares worth roughly $34.83 million.
Then, Orenstein Gregory sold 5,301 shares, generating $160,101 in total proceeds. Upon selling the shares at $30.20, the CFO & Treasurer now owns 284,835 shares.
Before that, Desmond Sean sold 5,196 shares. Ncino Inc. shares valued at $156,930 were divested by the Chief Product Officer at a price of $30.20 per share. As a result of the transaction, Desmond Sean now holds 376,778 shares, worth roughly $11.63 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 2.22% to $30.87. Over the last five days, the stock has gained 4.86%. Ncino Inc. shares have fallen nearly -8.21% since the year began. Nevertheless, the stocks have risen 42.92% 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 $31.01, while 200 days put it at $30.80. A total of 0.8 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 30.45, which if violated will result in even more drops to 30.02. On the upside, there is a resistance level at 31.15. A further resistance level may holdings at 31.42. The Relative Strength Index (RSI) on the 14-day chart is 50.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.39%. Stochastics %K at 58.91% indicates the stock is a holding.
