In a filing, Ncino Inc. revealed its CFO & Treasurer Orenstein Gregory unloaded Company’s shares for reported $19355.0 on Aug 26 ’24. In the deal valued at $35.00 per share,553 shares were sold. As a result of this transaction, Orenstein Gregory now holds 276,892 shares worth roughly $8.3 million.
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Then, RUH WILLIAM J sold 10,000 shares, generating $350,000 in total proceeds. Upon selling the shares at $35.00, the Director now owns 236,201 shares.
Before that, Orenstein Gregory sold 45,114 shares. Ncino Inc. shares valued at $1,580,474 were divested by the CFO & Treasurer at a price of $35.03 per share. As a result of the transaction, Orenstein Gregory now holds 276,892 shares, worth roughly $8.3 million.
Goldman upgraded its Ncino Inc. [NCNO] rating to a Buy from a a Neutral in a research note published on August 14, 2024; the price target was increased to $42 from $34. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late July with a ‘”a Mkt outperform”‘ rating. Keefe Bruyette began covering NCNO with “an Outperform” recommendation on April 09, 2024. Morgan Stanley revised its rating on March 15, 2024. It rated NCNO as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of NCNO
On Friday, Ncino Inc. [NASDAQ:NCNO] saw its stock fall -0.78% to $29.96. Over the last five days, the stock has lost -14.40%. Ncino Inc. shares have fallen nearly -10.91% since the year began. Nevertheless, the stocks have fallen -7.39% 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 $32.26, while 200 days put it at $31.46.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 29.64, which if violated will result in even more drops to 29.31. On the upside, there is a resistance level at 30.32. A further resistance level may holdings at 30.67. The Relative Strength Index (RSI) on the 14-day chart is 35.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.42%. Stochastics %K at 11.67% indicates the stock is a buying.
How much short interest is there in Ncino Inc.?
A steep rise in short interest was recorded in Ncino Inc. stocks on 2024-08-15, dropping by -0.59 million shares to a total of 4.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.68 million shares. There was a decline of -14.56%, which implies that there is a negative sentiment for the stock.
