Nvni Group (NASDAQ:NVNI) Stock Price Up 7.4% – Here’s Why

Nvni Group Limited (NASDAQ:NVNI)’s share price shot up 7.4% during trading on Monday . The stock traded as high as $1.80 and last traded at $1.75. 71,829 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 159,918 shares. The stock had previously closed at $1.63.

Nvni Group Trading Up 7.4%

The stock has a market capitalization of $17.55 million, a price-to-earnings ratio of 4.38 and a beta of -0.30. The business has a 50 day simple moving average of $2.73 and a 200-day simple moving average of $4.46.

Institutional Investors Weigh In On Nvni Group

A number of institutional investors have recently bought and sold shares of NVNI. Narus Financial Partners LLC increased its position in 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. Jane Street Group LLC purchased a new stake in shares of Nvni Group during the 2nd quarter valued at $40,000. Turim 21 Investimentos Ltda. grew its stake in shares of Nvni Group by 50.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after buying an additional 18,847 shares during the period. Finally, Soltis Investment Advisors LLC increased its holdings in shares of Nvni Group by 49.3% during the 2nd 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 last quarter. 0.49% of the stock is currently owned by hedge funds and other institutional investors.

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.