nCino (NASDAQ:NCNO) SVP Sells $66,657.80 in Stock

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 3,695 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $18.04, for a total value of $66,657.80. Following the completion of the sale, the senior vice president owned 50,876 shares of the company’s stock, valued at approximately $917,803.04. The trade was a 6.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Jeanette Sellers sold 1,486 shares of nCino stock. The stock was sold at an average price of $18.02, for a total value of $26,777.72.
• On Tuesday, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The stock was sold at an average price of $17.55, for a total value of $32,871.15.
• On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The stock was sold at an average price of $16.75, for a total value of $12,311.25.

nCino Stock Performance

NCNO traded up $0.34 during midday trading on Thursday, reaching $17.78. The company had a trading volume of 1,948,809 shares, compared to its average volume of 2,646,973. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $16.55 and a two-hundred day moving average of $21.17. The company has a market cap of $1.93 billion, a P/E ratio of 355.60 and a beta of 0.72. nCino Inc. has a 1 year low of $13.80 and a 1 year high of $33.92.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NCNO. The Goldman Sachs Group cut their target price on nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Citizens Jmp cut their target price on nCino from $41.00 to $32.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods cut their target price on nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley cut their target price on nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Finally, Zacks Research upgraded nCino from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.07.

Hedge Funds Weigh In On nCino

Institutional investors have recently added to or reduced their stakes in the company. Ranger Investment Management L.P. grew its holdings in nCino by 48.2% during the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock valued at $31,387,000 after buying an additional 376,506 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of nCino by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock valued at $323,279,000 after purchasing an additional 201,499 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of nCino in the 3rd quarter valued at approximately $1,397,000. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of nCino by 19.8% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock valued at $10,175,000 after purchasing an additional 62,142 shares during the last quarter. Finally, Tremblant Capital Group lifted its stake in shares of nCino by 40.3% in the 3rd quarter. Tremblant Capital Group now owns 661,277 shares of the company’s stock valued at $17,927,000 after purchasing an additional 189,815 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.