Nvni Group (NASDAQ:NVNI) Stock Price Down 1.6% – Here’s Why

Nvni Group Limited (NASDAQ:NVNI)’s share price fell 1.6% during trading 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 Stock Performance

The firm has a market capitalization of $12.14 million, a price-to-earnings ratio of 3.03 and a beta of -0.25. The company has a fifty day moving average of $1.65 and a two-hundred day moving average of $3.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Narus Financial Partners LLC lifted 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 buying an additional 14,800 shares in the last quarter. Turim 21 Investimentos Ltda. grew its stake in shares of 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 acquiring an additional 18,847 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Nvni Group in the second quarter valued at about $40,000. Institutional investors 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.