Nvni Group (NASDAQ:NVNI) Stock Price Down 1.6% – Time to Sell?

Nvni Group Limited (NASDAQ:NVNI)’s share price was down 1.6% during mid-day trading on Tuesday . The stock traded as low as $1.20 and last traded at $1.24. Approximately 67,093 shares traded hands during trading, a decline of 34% from the average daily volume of 101,400 shares. The stock had previously closed at $1.26.

Nvni Group Stock Down 1.6%

The business’s fifty day moving average price is $2.15 and its 200 day moving average price is $3.94. The firm has a market capitalization of $12.44 million, a PE ratio of 3.10 and a beta of -0.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Narus Financial Partners LLC boosted its holdings in shares of Nvni Group by 71.8% during the third quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after purchasing an additional 14,800 shares during the last quarter. Turim 21 Investimentos Ltda. increased its stake in Nvni Group by 50.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after purchasing an additional 18,847 shares during the last quarter. Soltis Investment Advisors LLC lifted its position in Nvni Group by 49.3% during the second quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company’s stock worth $51,000 after buying an additional 57,332 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Nvni Group in the 2nd quarter worth about $40,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

About Nvni Group

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.