Ncino Inc.’s recently made public that its Director HORING JEFF unloaded Company’s shares for reported $10.47 million on Jul 23 ’24. In the deal valued at $33.53 per share,312,290 shares were sold. As a result of this transaction, HORING JEFF now holds 18,474,188 shares worth roughly $610.94 million.
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Then, Insight Holdings Group, LLC sold 133,595 shares, generating $4,479,574 in total proceeds. Upon selling the shares at $33.53, the Director now owns 97,214 shares.
Before that, Insight Holdings Group, LLC sold 115,523 shares. Ncino Inc. shares valued at $3,873,602 were divested by the Director at a price of $33.53 per share. As a result of the transaction, Insight Holdings Group, LLC now holds 1,463,043 shares, worth roughly $48.38 million.
JMP Securities initiated its Ncino Inc. [NCNO] rating to a Mkt outperform in a research note published on July 22, 2024; the price target was $43. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in early April with a ‘”an Outperform”‘ rating. Morgan Stanley also remained covering NCNO and has increased its forecast on March 15, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Piper Sandler revised its rating on January 02, 2024. It rated NCNO as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NCNO
On Monday, Ncino Inc. [NASDAQ:NCNO] saw its stock fall -1.40% to $33.07. Over the last five days, the stock has lost -0.21%. Ncino Inc. shares have fallen nearly -1.67% since the year began. Nevertheless, the stocks have risen 7.02% over the past one year. While a 52-week high of $37.48 was reached on 03/28/24, a 52-week low of $27.13 was recorded on 03/06/24. SMA at 50 days reached $31.40, while 200 days put it at $30.97. A total of 0.89 million shares were traded, compared to the trading of 2.73 million shares in the previous session.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 32.83, which if violated will result in even more drops to 32.59. On the upside, there is a resistance level at 33.52. A further resistance level may holdings at 33.97. The Relative Strength Index (RSI) on the 14-day chart is 57.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.44%. Stochastics%K at 72.96% indicates the stock is a holding.
