Ncino Inc’s filing revealed that its Director RUH WILLIAM J unloaded Company’s shares for reported $0.8 million on Nov 06 ’24. In the deal valued at $40.00 per share,20,000 shares were sold. As a result of this transaction, RUH WILLIAM J now holds 206,201 shares worth roughly $8.29 million.
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Then, Desmond Sean sold 30,000 shares, generating $1,206,156 in total proceeds. Upon selling the shares at $40.21, the Chief Product Officer now owns 311,511 shares.
Before that, Orenstein Gregory sold 50,000 shares. Ncino Inc shares valued at $2,010,345 were divested by the CFO & Treasurer at a price of $40.21 per share. As a result of the transaction, Orenstein Gregory now holds 276,892 shares, worth roughly $11.14 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 fall -1.20% to $40.22. Over the last five days, the stock has lost -5.43%. Ncino Inc shares have risen nearly 19.60% since the year began. Nevertheless, the stocks have risen 34.07% over the past one year. While a 52-week high of $43.20 was reached on 11/11/24, a 52-week low of $27.47 was recorded on 03/06/24. SMA at 50 days reached $34.59, while 200 days put it at $32.16.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 39.96, which if violated will result in even more drops to 39.69. On the upside, there is a resistance level at 40.67. A further resistance level may holdings at 41.11. The Relative Strength Index (RSI) on the 14-day chart is 61.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.54%. Stochastics %K at 64.23% indicates the stock is a holding.
How much short interest is there in Ncino Inc?
A steep rise in short interest was recorded in Ncino Inc stocks on 2024-10-31, dropping by -0.64 million shares to a total of 5.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.26 million shares. There was a decline of -11.29%, which implies that there is a negative sentiment for the stock.
