In a filing, Ncino Inc revealed 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 $7.65 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 $10.28 million.
Needham reiterated its Ncino Inc [NCNO] rating to a Buy in a research note published on December 05, 2024; the price target was $45. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. Raymond James also remained covering NCNO and has increased its forecast on September 03, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Goldman revised its rating on August 14, 2024. It rated NCNO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NCNO
On Monday, Ncino Inc [NASDAQ:NCNO] saw its stock fall -0.78% to $37.12. Over the last five days, the stock has lost -10.66%. Ncino Inc shares have risen nearly 10.38% since the year began. Nevertheless, the stocks have risen 26.95% over the past one year. While a 52-week high of $43.20 was reached on 11/11/24, a 52-week low of $28.09 was recorded on 03/06/24. SMA at 50 days reached $37.75, while 200 days put it at $32.90.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 36.72, which if violated will result in even more drops to 36.33. On the upside, there is a resistance level at 37.72. A further resistance level may holdings at 38.33. The Relative Strength Index (RSI) on the 14-day chart is 37.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.90%. Stochastics %K at 23.15% 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 2024-11-15, dropping by -1.22 million shares to a total of 5.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.48 million shares. There was a decline of -23.25%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 22, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $43 price target.
