Ncino Inc. (NCNO)’s stock performance: a year in review

While Ncino Inc. has underperformed by -2.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NCNO rose by 21.09%, with highs and lows ranging from $35.83 to $19.58, whereas the simple moving average jumped by 10.23% in the last 200 days.

On January 02, 2024, Piper Sandler Upgraded Ncino Inc. (NASDAQ: NCNO) to Overweight.

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Analysis of Ncino Inc. (NCNO)

Further, the quarter-over-quarter increase in sales is 15.81%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ncino Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -6.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.05, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and NCNO is recording an average volume of 633.57K. On a monthly basis, the volatility of the stock is set at 3.62%, whereas on a weekly basis, it is put at 4.63%, with a loss of -6.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.05, showing growth from the present price of $32.15, which can serve as yet another indication of whether NCNO is worth investing in or should be passed over.

How Do You Analyze Ncino Inc. Shares?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 46.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 53.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in NCNO shares?

The recent increase in stakes in NCNO appears to be a result of several institutional investors and hedge funds increasing their positions. Kayne Anderson Rudnick Investment made another decreased to its shares in NCNO during the first quarter, downing its stake by -5.49%. During the last quarter, the company picked up -436,594 additional shares for a total stake of worth $252.95 million, bringing number of shares owned by the company to 7,521,571.

During the first quarter, The Vanguard Group, Inc. added a 3,058 position in NCNO. Brown Capital Management LLC sold an additional 13833.0 shares in the last quarter, decreasing its holdings by -0.34%, now holding 4.04 million shares worth $135.86 million. At the end of the first quarter, BlackRock Fund Advisors decreased its NCNO holdings by -10.44% and now holds 2.68 million NCNO shares valued at $90.0 million with the lessened -0.31 million shares during the period. NCNO shares are owned by institutional investors to the tune of 53.52% at present.

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