Ncino Inc’s filing revealed that its Director HORING JEFF unloaded Company’s shares for reported $1.92 million on Jan 06 ’25. In the deal valued at $35.00 per share,54,876 shares were sold. As a result of this transaction, HORING JEFF now holds 4,458,591 shares worth roughly $145.08 million.
Then, HORING JEFF sold 4,474,158 shares, generating $159,955,623 in total proceeds. Upon selling the shares at $35.75, the Director now owns 4,513,467 shares.
Before that, Kilday Pamela sold 9,000 shares. Ncino Inc shares valued at $319,633 were divested by the Director at a price of $35.51 per share. As a result of the transaction, Kilday Pamela now holds 17,804 shares, worth roughly $0.58 million.
Barclays upgraded its Ncino Inc [NCNO] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Needham also remained covering NCNO and reiterated its “Buy” recommendation on December 05, 2024. Piper Sandler revised its rating on December 05, 2024. It rated NCNO as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NCNO
On Monday, Ncino Inc [NASDAQ:NCNO] saw its stock unchanged to $32.54. Over the last five days, the stock has lost -4.49%. Ncino Inc shares have fallen nearly -3.10% since the year began. Nevertheless, the stocks have fallen -7.84% over the past one year. While a 52-week high of $43.20 was reached on 01/06/25, a 52-week low of $28.09 was recorded on 01/13/25. SMA at 50 days reached $37.77, while 200 days put it at $33.43.
Levels Of Support And Resistance For NCNO Stock
The 24-hour chart illustrates a support level at 32.20, which if violated will result in even more drops to 31.86. On the upside, there is a resistance level at 32.76. A further resistance level may holdings at 32.98. The Relative Strength Index (RSI) on the 14-day chart is 29.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.02%. Stochastics %K at 10.40% 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.
