nCino Inc. (NASDAQ:NCNO – Get Free Report) SVP Jeanette Sellers sold 1,486 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $983,369.42. The trade was a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Trading Down 0.2%
NASDAQ NCNO traded down $0.03 during mid-day trading on Tuesday, reaching $17.96. 2,493,938 shares of the stock were exchanged, compared to its average volume of 2,657,105. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The business’s fifty day simple moving average is $16.45 and its 200 day simple moving average is $21.26. The stock has a market capitalization of $1.95 billion, a PE ratio of 359.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00.
Institutional Investors Weigh In On nCino
Institutional investors have recently bought and sold shares of the business. Ranger Investment Management L.P. raised its stake in shares of nCino by 48.2% during the third quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock valued at $31,387,000 after purchasing an additional 376,506 shares during the period. Vanguard Group Inc. increased its holdings 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 acquiring 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 increased its holdings 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 acquiring an additional 62,142 shares during the last quarter. Finally, Tremblant Capital Group increased its holdings 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 acquiring an additional 189,815 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
NCNO has been the topic of several recent analyst reports. Barclays increased their target price on nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Wall Street Zen upgraded nCino from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Stephens reduced their target price on nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Finally, Truist Financial dropped their price target on shares of nCino from $27.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and a consensus target price of $26.07.
View Our Latest Report on nCino
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.
Further Reading
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