Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ncino Inc shares valued at $1,206,157 were purchased by Desmond Sean on Nov 06 ’24. At $40.21 per share, Desmond Sean acquired 30,000 shares.
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Also, Orenstein Gregory purchased 50,000 shares, netting a total of over 2,010,346 in proceeds.
Before that, Sellers Jeanette had sold 105 shares from its account. In a trade valued at $3,883, the VP of Accounting traded Ncino Inc shares for $36.98 each. Upon closing the transaction, the insider’s holdings decreased to 105 shares, worth approximately $0.94 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 4.61%. Over the course of the year, Ncino Inc shares have jumped approximately 19.39%. Shares of the company reached a 52-week high of $40.60 on 11/06/24 and a 52-week low of $28.09 on 03/06/24. A 50-day SMA is recorded $32.96, while a 200-day SMA reached $31.82. Nevertheless, trading volume fell to 2.53 million shares from 0.67 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 39.07, which, if violated, would cause prices to drop to 37.99. In the upper region, resistance lies at 40.91. The next price resistance is at 41.67. RSI (Relative Strength Index) is 75.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 9.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
