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Ncino Inc. [NCNO] Stock sold by Insider HORING JEFF for $1.51 million

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Ncino Inc.’s filing revealed that its Director HORING JEFF unloaded Company’s shares for reported $1.51 million on Jul 31 ’24. In the deal valued at $33.11 per share,45,638 shares were sold. As a result of this transaction, HORING JEFF now holds 17,449,944 shares worth roughly $564.51 million.

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Then, Insight Holdings Group, LLC sold 19,524 shares, generating $646,358 in total proceeds. Upon selling the shares at $33.11, the Director now owns 91,824 shares.

Before that, Insight Holdings Group, LLC sold 16,882 shares. Ncino Inc. shares valued at $558,892 were divested by the Director at a price of $33.11 per share. As a result of the transaction, Insight Holdings Group, LLC now holds 1,381,929 shares, worth roughly $44.71 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 Tuesday, Ncino Inc. [NASDAQ:NCNO] saw its stock jump 2.54% to $32.35. Over the last five days, the stock has gained 4.39%. Ncino Inc. shares have fallen nearly -3.81% since the year began. Nevertheless, the stocks have risen 10.37% 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 $31.58, while 200 days put it at $31.15.

Levels Of Support And Resistance For NCNO Stock

The 24-hour chart illustrates a support level at 31.92, which if violated will result in even more drops to 31.49. On the upside, there is a resistance level at 32.57. A further resistance level may holdings at 32.79. The Relative Strength Index (RSI) on the 14-day chart is 53.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.71%. Stochastics%K at 51.91% indicates the stock is a holding.

How much short interest is there in Ncino Inc.?

A steep rise in short interest was recorded in Ncino Inc. stocks on , dropping by -1.43 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.37 million shares. There was a decline of -36.18%, which implies that there is a negative sentiment for the stock.

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