Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ncino Inc. shares valued at $375,000 were sold by RUH WILLIAM J on Oct 21 ’24. At $37.50 per share, RUH WILLIAM J sold 10,000 shares. The insider’s holdings dropped to 226,201 shares worth approximately $8.68 million following the completion of this transaction.
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Also, HORING JEFF sold 1,833,975 shares, netting a total of over 67,166,400 in proceeds. Following the sale of shares at $36.62 each, the insider now holds 12,513,467 shares.
Before that, Insight Holdings Group, LLC had sold 678,426 shares from its account. In a trade valued at $24,846,267, the Director traded Ncino Inc. shares for $36.62 each. Upon closing the transaction, the insider’s holdings decreased to 678,426 shares, worth approximately $38.03 million.
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 2.21%. Over the course of the year, Ncino Inc. shares have jumped approximately 14.12%. Shares of the company reached a 52-week high of $38.94 on 10/30/24 and a 52-week low of $28.09 on 03/06/24. A 50-day SMA is recorded $32.63, while a 200-day SMA reached $31.69. Nevertheless, trading volume fell to 0.73 million shares from 0.49 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 37.88, which, if violated, would cause prices to drop to 37.38. In the upper region, resistance lies at 38.91. The next price resistance is at 39.44. RSI (Relative Strength Index) is 77.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 9.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
