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 $15,258 were sold by Sellers Jeanette on Feb 04 ’25. At $32.60 per share, Sellers Jeanette sold 468 shares. The insider’s holdings dropped to 22,602 shares worth approximately $0.74 million following the completion of this transaction.
Also, Rieger April sold 4,325 shares, netting a total of over 141,008 in proceeds. Following the sale of shares at $32.60 each, the insider now holds 145,953 shares.
Before that, Orenstein Gregory had sold 5,148 shares from its account. In a trade valued at $167,840, the CFO & Treasurer traded Ncino Inc shares for $32.60 each. Upon closing the transaction, the insider’s holdings decreased to 5,148 shares, worth approximately $8.93 million.
As published in a research note from Barclays on January 06, 2025, Ncino Inc [NCNO] has been rated up from an Equal weight to an Overweight and the price target has been revised to $44. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 05, 2024, Needham has reiterated its “Buy” rating for NCNO. Earlier on December 05, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for NCNO stock which previously was a “an Overweight”.
Analyzing NCNO Stock Performance
During the last five days, there has been a drop of approximately -2.55%. Over the course of the year, Ncino Inc shares have dropped approximately -2.17%. Shares of the company reached a 52-week high of $35.43 on 01/06/25 and a 52-week low of $31.99 on 02/03/25. A 50-day SMA is recorded $34.03, while a 200-day SMA reached $33.59. Nevertheless, trading volume fell to 1.32 million shares from 1.65 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 32.55, which, if violated, would cause prices to drop to 32.25. In the upper region, resistance lies at 33.08. The next price resistance is at 33.31. RSI (Relative Strength Index) is 43.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 71.80%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
