Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ncino Inc. shares valued at $19,355 were sold by Orenstein Gregory on Aug 26 ’24. At $35.00 per share, Orenstein Gregory sold 553 shares. The insider’s holdings dropped to 276,892 shares worth approximately $8.23 million following the completion of this transaction.
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Also, RUH WILLIAM J sold 10,000 shares, netting a total of over 350,000 in proceeds. Following the sale of shares at $35.00 each, the insider now holds 236,201 shares.
Before that, Orenstein Gregory had sold 45,114 shares from its account. In a trade valued at $1,580,474, the CFO & Treasurer traded Ncino Inc. shares for $35.03 each. Upon closing the transaction, the insider’s holdings decreased to 45,114 shares, worth approximately $8.23 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 drop of approximately -13.40%. Over the course of the year, Ncino Inc. shares have dropped approximately -11.57%. 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 $32.31, while a 200-day SMA reached $31.44. Nevertheless, trading volume fell to 6.3 million shares from 0.92 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 29.12, which, if violated, would cause prices to drop to 28.49. In the upper region, resistance lies at 30.53. The next price resistance is at 31.31. RSI (Relative Strength Index) is 33.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 92.17%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
