Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ncino Inc. shares valued at $234,990 were purchased by Rieger April on Sep 18 ’24. At $30.00 per share, Rieger April acquired 7,833 shares.
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Also, Rieger April sold 6,079 shares, netting a total of over 177,993 in proceeds. Following the sale of shares at $29.28 each, the insider now holds 159,712 shares.
Before that, Rieger April had added 6,079 shares to its account. In a trade valued at $177,992, the Officer bought Ncino Inc. shares for $29.28 each.
As published in a research note from Raymond James on September 03, 2024, Ncino Inc. [NCNO] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $38. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of July 22, 2024, JMP Securities has initiated its “Mkt outperform” rating for NCNO. Earlier on April 09, 2024, Keefe Bruyette initiated its rating. Their recommendation was “an Outperform” for NCNO stock.
Analyzing NCNO Stock Performance
During the last five days, there has been a surge of approximately 2.43%. Over the course of the year, Ncino Inc. shares have dropped approximately -11.15%. 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 $31.85, while a 200-day SMA reached $31.47. Nevertheless, trading volume fell to 1.09 million shares from 1.19 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 29.46, which, if violated, would cause prices to drop to 29.05. In the upper region, resistance lies at 30.37. The next price resistance is at 30.87. RSI (Relative Strength Index) is 40.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 49.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.