nCino, Inc. (NASDAQ:NCNO) VP Sells $65,300.49 in Stock

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 2,153 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.33, for a total value of $65,300.49. Following the completion of the sale, the vice president now directly owns 27,360 shares of the company’s stock, valued at $829,828.80. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, May 2nd, Jeanette Sellers sold 431 shares of nCino stock. The stock was sold at an average price of $30.63, for a total value of $13,201.53.
• On Monday, April 8th, Jeanette Sellers sold 248 shares of nCino stock. The stock was sold at an average price of $34.41, for a total value of $8,533.68.

nCino Stock Performance

Shares of nCino stock traded down $0.45 on Wednesday, reaching $30.89. The stock had a trading volume of 597,133 shares, compared to its average volume of 935,284. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day moving average price is $31.19 and its two-hundred day moving average price is $31.03. The stock has a market cap of $3.53 billion, a P/E ratio of -82.47, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57. nCino, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $37.48.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The firm had revenue of $123.69 million during the quarter, compared to analyst estimates of $124.58 million. On average, sell-side analysts forecast that nCino, Inc. will post 0.05 EPS for the current year.

Institutional Trading of nCino

Several hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust boosted its stake in nCino by 4.1% during the 4th quarter. First Bank & Trust now owns 9,970 shares of the company’s stock valued at $335,000 after purchasing an additional 395 shares during the period. Parkwood LLC boosted its stake in nCino by 6.7% during the 4th quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after purchasing an additional 655 shares during the period. Mesirow Institutional Investment Management Inc. boosted its stake in nCino by 6.1% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after purchasing an additional 719 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in nCino by 8.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock valued at $377,000 after purchasing an additional 800 shares during the period. Finally, Precision Wealth Strategies LLC boosted its stake in nCino by 7.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 11,894 shares of the company’s stock valued at $445,000 after purchasing an additional 809 shares during the period. Institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NCNO. Morgan Stanley increased their price objective on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Piper Sandler reissued an “overweight” rating and issued a $42.00 price target on shares of nCino in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods assumed coverage on shares of nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price objective on the stock. Needham & Company LLC boosted their target price on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.91.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.