The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ncino Inc. shares valued at $26,525,986 were sold by HORING JEFF on Aug 14 ’24. At $33.16 per share, HORING JEFF sold 800,002 shares. The insider’s holdings dropped to 16,649,942 shares worth approximately $571.76 million following the completion of this transaction.
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Also, HORING JEFF sold 636,475 shares, netting a total of over 21,325,031 in proceeds. Following the sale of shares at $33.50 each, the insider now holds 16,013,467 shares.
Before that, Insight Holdings Group, LLC had sold 295,938 shares from its account. In a trade valued at $9,812,535, the Director traded Ncino Inc. shares for $33.16 each. Upon closing the transaction, the insider’s holdings decreased to 295,938 shares, worth approximately $45.28 million.
As published in a research note from Goldman on August 14, 2024, Ncino Inc. [NCNO] has been rated up from a Neutral to a Buy and the price target has been revised to $42 from $34. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late July. As of April 09, 2024, Keefe Bruyette has initiated its “an Outperform” rating for NCNO. Earlier on March 15, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for NCNO stock which previously was a “an Underweight”.
Analyzing NCNO Stock Performance
During the last five days, there has been a surge of approximately 3.75%. Over the course of the year, Ncino Inc. shares have jumped approximately 2.11%. Shares of the company reached a 52-week high of $37.48 on 03/28/24 and a 52-week low of $28.09 on 03/06/24. A 50-day SMA is recorded $32.07, while a 200-day SMA reached $31.33. Nevertheless, trading volume fell to 0.82 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Ncino Inc. (NCNO)
According to the 24-hour chart, there is a support level at 34.16, which, if violated, would cause prices to drop to 33.99. In the upper region, resistance lies at 34.55. The next price resistance is at 34.77. RSI (Relative Strength Index) is 63.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 7.41%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
