nCino (NASDAQ:NCNO) SVP Jeanette Sellers Sells 1,873 Shares of Stock

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 1,873 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $17.55, for a total transaction of $32,871.15. Following the sale, the senior vice president directly owned 40,611 shares of the company’s stock, valued at $712,723.05. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• 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 value of $39,843.32.
• On Tuesday, February 3rd, Jeanette Sellers sold 1,330 shares of nCino stock. The shares were sold at an average price of $18.68, for a total value of $24,844.40.

nCino Stock Performance

Shares of NASDAQ:NCNO opened at $18.28 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of 365.60, a P/E/G ratio of 2.72 and a beta of 0.61. 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 business has a 50-day moving average of $16.28 and a two-hundred day moving average of $21.89. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The company had revenue of $149.67 million for the quarter, compared to the consensus estimate of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. As a group, research analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of nCino

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after buying an additional 617 shares during the last quarter. CWM LLC increased its holdings in shares of nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares during the last quarter. AlphaQuest LLC raised its position in shares of nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after acquiring an additional 1,356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of nCino during the 4th quarter valued at approximately $38,000. Finally, Quarry LP lifted its stake in nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after purchasing an additional 987 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NCNO shares. Keefe, Bruyette & Woods dropped their price objective on shares of nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Truist Financial reduced their target price on shares of nCino from $27.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. Citizens Jmp decreased their price target on shares of nCino from $41.00 to $32.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 1st. Barclays increased their price target on nCino from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Finally, Stephens cut their price objective on nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.07.

About nCino

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.