Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ncino Inc shares valued at $800,000 were sold by RUH WILLIAM J on Nov 06 ’24. At $40.00 per share, RUH WILLIAM J sold 20,000 shares. The insider’s holdings dropped to 206,201 shares worth approximately $7.69 million following the completion of this transaction.
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Also, Desmond Sean sold 30,000 shares, netting a total of over 1,206,156 in proceeds. Following the sale of shares at $40.21 each, the insider now holds 311,511 shares.
Before that, Orenstein Gregory had sold 50,000 shares from its account. In a trade valued at $2,010,345, the CFO & Treasurer traded Ncino Inc shares for $40.21 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $10.32 million.
As published in a research note from Needham on December 05, 2024, Ncino Inc [NCNO] has been retained to a Buy and the price target has been revised to $45. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of September 03, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for NCNO. Earlier on August 14, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for NCNO stock which previously was a “a Neutral”.
Analyzing NCNO Stock Performance
During the last five days, there has been a drop of approximately -10.98%. Over the course of the year, Ncino Inc shares have jumped approximately 10.85%. Shares of the company reached a 52-week high of $43.20 on 11/11/24 and a 52-week low of $28.09 on 03/06/24. A 50-day SMA is recorded $37.50, while a 200-day SMA reached $32.83. Nevertheless, trading volume fell to 4.95 million shares from 0.95 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 35.14, which, if violated, would cause prices to drop to 33.01. In the upper region, resistance lies at 39.85. The next price resistance is at 42.43. RSI (Relative Strength Index) is 37.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 76.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
