Ncino Inc.’s recent filing unveils that its Director HORING JEFF unloaded Company’s shares for reported $48.87 million on Oct 16 ’24. In the deal valued at $36.02 per share,1,356,721 shares were sold. As a result of this transaction, HORING JEFF now holds 14,656,746 shares worth roughly $536.14 million.
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Then, HORING JEFF sold 309,304 shares, generating $11,184,340 in total proceeds. Upon selling the shares at $36.16, the Director now owns 14,347,442 shares.
Before that, Insight Holdings Group, LLC sold 501,879 shares. Ncino Inc. shares valued at $18,077,882 were divested by the Director at a price of $36.02 per share. As a result of the transaction, Insight Holdings Group, LLC now holds 1,160,724 shares, worth roughly $42.46 million.
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 0.99% to $36.58. Over the last five days, the stock has gained 6.00%. Ncino Inc. shares have risen nearly 8.77% since the year began. Nevertheless, the stocks have risen 26.40% 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 $31.91, while 200 days put it at $31.56.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 36.14, which if violated will result in even more drops to 35.69. On the upside, there is a resistance level at 36.96. A further resistance level may holdings at 37.33. The Relative Strength Index (RSI) on the 14-day chart is 77.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.46%. Stochastics %K at 97.01% 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.
