Nvni Group (NASDAQ:NVNI) Shares Down 1.6% – What’s Next?

Nvni Group Limited (NASDAQ:NVNI) traded down 1.6% on Wednesday . The stock traded as low as $1.1820 and last traded at $1.21. 13,410 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 60,914 shares. The stock had previously closed at $1.23.

Nvni Group Price Performance

The firm has a market cap of $12.14 million, a price-to-earnings ratio of 3.03 and a beta of -0.25. The business has a 50-day moving average of $1.65 and a 200-day moving average of $3.44.

Institutional Trading of Nvni Group

A number of large investors have recently added to or reduced their stakes in NVNI. Narus Financial Partners LLC lifted its stake in Nvni Group by 71.8% in the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock valued at $29,000 after purchasing an additional 14,800 shares during the last quarter. Turim 21 Investimentos Ltda. raised its holdings in Nvni Group by 50.9% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after acquiring an additional 18,847 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Nvni Group during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

Nvni Group Company Profile

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.