nCino (NASDAQ:NCNO) SVP Jeanette Sellers Sells 1,486 Shares

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 1,486 shares of nCino stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $26,777.72. Following the completion of the transaction, the senior vice president directly owned 54,571 shares in the company, valued at $983,369.42. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeanette Sellers also recently made the following trade(s):

• On Tuesday, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The shares were sold at an average price of $17.55, for a total transaction of $32,871.15.
• On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The shares were sold at an average price of $16.75, for a total transaction of $12,311.25.
• On Wednesday, February 4th, Jeanette Sellers sold 2,182 shares of nCino stock. The shares were sold at an average price of $18.26, for a total transaction of $39,843.32.

nCino Stock Performance

Shares of nCino stock opened at $17.96 on Wednesday. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.95 billion, a P/E ratio of 359.20 and a beta of 0.72. The company’s 50 day moving average price is $16.50 and its two-hundred day moving average price is $21.22.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On nCino

Several large investors have recently modified their holdings of the business. FNY Investment Advisers LLC raised its stake in shares of nCino by 15.9% during the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after acquiring an additional 444 shares during the last quarter. US Bancorp DE raised its stake in shares of nCino by 1.6% during the third quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after acquiring an additional 501 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of nCino by 186.4% during the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the last quarter. Lecap Asset Management Ltd. raised its stake in shares of nCino by 2.3% during the fourth quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock valued at $799,000 after acquiring an additional 691 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of nCino by 1.2% during the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock valued at $1,701,000 after acquiring an additional 743 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Neutral Sentiment: CEO Sean Desmond sold 22,073 shares at an average price of $18.02 for roughly $397,755; his remaining stake is ~1,271,016 shares (1.71% ownership reduction). SEC Filing
• Neutral Sentiment: Director Pierre Naude sold 35,650 shares at $18.02 (~$642,413); his position fell about 3.12% to ~1,108,473 shares. SEC Filing
• Neutral Sentiment: CFO Gregory Orenstein sold 14,650 shares at $18.02 (~$263,993); his holding is ~702,293 shares (2.04% decrease). SEC Filing
• Neutral Sentiment: Insider April Rieger sold 9,693 shares at $18.02 (~$174,668); remaining stake ~383,601 shares (2.46% reduction). SEC Filing
• Neutral Sentiment: SVP Jeanette Sellers sold 1,486 shares at $18.02 (~$26,778) to cover taxes; post-sale holding ~54,571 shares (2.65% reduction). SEC Filing

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NCNO shares. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Robert W. Baird cut their target price on shares of nCino from $34.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Morgan Stanley cut their target price on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Stephens cut their target price on shares of nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.07.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.