The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ncino Inc shares valued at $159,955,623 were sold by HORING JEFF on Dec 18 ’24. At $35.75 per share, HORING JEFF sold 4,474,158 shares. The insider’s holdings dropped to 4,513,467 shares worth approximately $159.96 million following the completion of this transaction.
Also, Kilday Pamela sold 9,000 shares, netting a total of over 319,633 in proceeds. Following the sale of shares at $35.51 each, the insider now holds 17,804 shares.
Before that, HORING JEFF had sold 70,673 shares from its account. In a trade valued at $2,551,790, the Director traded Ncino Inc shares for $36.11 each. Upon closing the transaction, the insider’s holdings decreased to 70,673 shares, worth approximately $318.52 million.
As published in their initiating research note from UBS on December 16, 2024, Ncino Inc [NCNO] has been a Buy and the price target has been revised to $44. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of December 05, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for NCNO. Earlier on September 03, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for NCNO stock which previously was a “a Mkt perform”.
Analyzing NCNO Stock Performance
During the last five days, there has been a surge of approximately 3.08%. Over the course of the year, Ncino Inc shares have jumped approximately 5.38%. 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 $38.52, while a 200-day SMA reached $33.26. Nevertheless, trading volume fell to 0.76 million shares from 0.88 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 35.03, which, if violated, would cause prices to drop to 34.62. In the upper region, resistance lies at 35.69. The next price resistance is at 35.94. RSI (Relative Strength Index) is 38.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 63.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
