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Raymond James upgrades Ncino Inc. (NCNO) stock to an Outperform

Ncino Inc.’s filing revealed that its Officer Orenstein Gregory acquired Company’s shares for reported $15680.0 on Oct 11 ’24. In the deal valued at $35.00 per share,448 shares were bought.

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Then, Rieger April sold 7,833 shares, generating $234,990 in total proceeds. Upon selling the shares at $30.00, the Chief Lgl. & Compl. Ofc., Sec. now owns 151,879 shares.

Before that, Rieger April bought 7,833 shares. Ncino Inc. shares valued at $234,990 were divested by the Officer at a price of $30.00 per share.

Raymond James upgraded its Ncino Inc. [NCNO] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. JMP Securities began covering NCNO with “Mkt outperform” recommendation on July 22, 2024. Keefe Bruyette started covering the stock on April 09, 2024. It rated NCNO as “an Outperform”.

Price Performance Review of NCNO

On Friday, Ncino Inc. [NASDAQ:NCNO] saw its stock jump 3.14% to $34.51. Over the last five days, the stock has gained 11.43%. Ncino Inc. shares have risen nearly 2.62% since the year began. Nevertheless, the stocks have risen 17.94% 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 $31.46, while 200 days put it at $31.52.

Levels Of Support And Resistance For NCNO Stock

The 24-hour chart illustrates a support level at 33.53, which if violated will result in even more drops to 32.54. On the upside, there is a resistance level at 35.26. A further resistance level may holdings at 36.01. The Relative Strength Index (RSI) on the 14-day chart is 70.67, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.22%. Stochastics %K at 94.98% indicates the stock is a selling.

How much short interest is there in Ncino Inc.?

A steep rise in short interest was recorded in Ncino Inc. stocks on 2024-09-30, growing by 0.97 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.29 million shares. There was a rise of 15.57%, which implies that there is a positive sentiment for the stock.

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