Saba Capital Management LP has recently announced that it has increased stake in Nogin Inc. (NASDAQ:NOGN) by 46.18%. After grabbing 0.85 million shares, the institutional investor is now in possession of 0.27 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.27% having worth around $0.65 million. Moreover, Lumyna Investments Ltd. increased its share by 72123.0 to have a control over 72123.0 shares. And EdgeHill Partners raised its holdings to 25000.0 shares by acquiring 25000.0 shares or 0.04% of the stake.
Nogin Inc. (NOGN) concluded trading on 01/19/23 at a closing price of $0.80, with 3.05 million shares of worth about $2.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -92.03% during that period and on Thursday the price remained unchanged. Currently the company’s common shares owned by public are about 28.51M shares, out of which, 16.51M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 16,860,873 shares in 12 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
TOPS Market Neutral UCITS FUND, EHP Global Arbitrage Alternative, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Nogin Inc. TOPS Market Neutral UCITS FUND is currently holding 72123.0 shares of worth totaling $55535.0. The company recently came buying 72123.0 shares which brought its stake up to 0.11% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 13833.0 shares, have now control over 0.02% of the stake in the company. It holds 0.0 shares of worth $10651.0.
Nogin Inc. (NASDAQ: NOGN) started trading at $0.827, above $0.03 from concluding price of the previous day. Stock saw a price change of 5.25% in past 5 days and over the past one month there was a price change of 60.00%. Year-to-date (YTD), NOGN shares are showing a performance of 3.90% which decreased to -91.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.41 but also hit the highest price of $11.51 during that period. The average intraday trading volume for Nogin Inc. shares is 141.10K. The stock is currently trading 4.78% above its 20-day simple moving average (SMA20), while that difference is up 14.47% for SMA50 and it goes to -85.83% lower than SMA200.
Saba Capital Management LP acquired 0.85 million shares of Nogin Inc. having value of about $0.65 million. Data submitted at the U.S SEC by Saba Capital Management LP revealed that the firm now holds 0.27 million shares in the company valued at close to $214218.4, or have control over 46.18% stake in the company. Nogin Inc. (NASDAQ: NOGN) currently have 28.51M outstanding shares and institutions hold larger chunk of about 19.80% of that. Holding of mutual funds in the company is about 1.30% while other institutional holders and individual stake holders have control over 33.99% and 0.17% of the stake respectively.
The stock has a current market capitalization of $53.61M. It has posted earnings per share of -$0.13 in the same period. It has Quick Ratio of 0.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOGN, volatility over the week remained 14.13% while standing at 16.43% over the month.
Analysts at 0 brokerage firms have issued recommendations for the Nogin Inc. (NOGN)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.