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Ncino Inc. [NCNO] Insider Activity: An Update for Investors

Ncino Inc.’s filing revealed that its VP of Accounting Sellers Jeanette unloaded Company’s shares for reported $65300.0 on May 06 ’24. In the deal valued at $30.33 per share,2,153 shares were sold. As a result of this transaction, Sellers Jeanette now holds 27,360 shares worth roughly $0.82 million.

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Then, Naude Pierre sold 15,813 shares, generating $477,584 in total proceeds. Upon selling the shares at $30.20, the CEO now owns 1,128,340 shares.

Before that, Orenstein Gregory sold 5,301 shares. Ncino Inc. shares valued at $160,101 were divested by the CFO & Treasurer at a price of $30.20 per share. As a result of the transaction, Orenstein Gregory now holds 284,835 shares, worth roughly $8.55 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 Friday, Ncino Inc. [NASDAQ:NCNO] saw its stock jump 0.47% to $30.00. Over the last five days, the stock has lost -1.74%. Ncino Inc. shares have fallen nearly -10.79% since the year began. Nevertheless, the stocks have risen 23.30% over the past one year. While a 52-week high of $37.48 was reached on 03/28/24, a 52-week low of $23.70 was recorded on 03/06/24. SMA at 50 days reached $31.38, while 200 days put it at $30.87. A total of 0.53 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For NCNO Stock

The 24-hour chart illustrates a support level at 29.75, which if violated will result in even more drops to 29.50. On the upside, there is a resistance level at 30.20. A further resistance level may holdings at 30.40. The Relative Strength Index (RSI) on the 14-day chart is 42.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.39%. Stochastics %K at 36.33% indicates the stock is a holding.

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