Ncino Inc’s recent filing unveils that its Director HORING JEFF unloaded Company’s shares for reported $159.96 million on Dec 18 ’24. In the deal valued at $35.75 per share,4,474,158 shares were sold. As a result of this transaction, HORING JEFF now holds 4,513,467 shares worth roughly $151.47 million.
Then, Kilday Pamela sold 9,000 shares, generating $319,633 in total proceeds. Upon selling the shares at $35.51, the Director now owns 17,804 shares.
Before that, HORING JEFF sold 70,673 shares. Ncino Inc shares valued at $2,551,790 were divested by the Director at a price of $36.11 per share. As a result of the transaction, HORING JEFF now holds 8,987,625 shares, worth roughly $301.62 million.
UBS initiated its Ncino Inc [NCNO] rating to a Buy in a research note published on December 16, 2024; the price target was $44. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Piper Sandler also remained covering NCNO and has decreased its forecast on December 05, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Raymond James revised its rating on September 03, 2024. It rated NCNO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of NCNO
On Monday, Ncino Inc [NASDAQ:NCNO] saw its stock fall -2.53% to $33.56. Over the last five days, the stock has lost -4.71%. Ncino Inc shares have fallen nearly -0.21% since the year began. Nevertheless, the stocks have fallen -1.80% 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 $38.44, while 200 days put it at $33.30.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 33.10, which if violated will result in even more drops to 32.64. On the upside, there is a resistance level at 34.15. A further resistance level may holdings at 34.73. The Relative Strength Index (RSI) on the 14-day chart is 30.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.69%. Stochastics %K at 18.89% indicates the stock is a buying.
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.
