nCino Inc. (NASDAQ:NCNO – Get Free Report) CEO Sean Desmond sold 8,064 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $17.47, for a total value of $140,878.08. Following the sale, the chief executive officer owned 1,262,492 shares of the company’s stock, valued at $22,055,735.24. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Desmond also recently made the following trade(s):
- On Wednesday, June 3rd, Sean Desmond sold 8,064 shares of nCino stock. The shares were sold at an average price of $16.26, for a total value of $131,120.64.
- On Tuesday, May 5th, Sean Desmond sold 16,589 shares of nCino stock. The shares were sold at an average price of $18.04, for a total value of $299,265.56.
- On Monday, May 4th, Sean Desmond sold 22,073 shares of nCino stock. The stock was sold at an average price of $18.02, for a total transaction of $397,755.46.
nCino Stock Performance
NCNO stock opened at $17.34 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $1.90 billion, a P/E ratio of 144.50 and a beta of 0.68. The firm has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $18.18. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92.
Analyst Ratings Changes
View Our Latest Report on NCNO
Institutional Investors Weigh In On nCino
Several institutional investors and hedge funds have recently made changes to their positions in NCNO. Hawk Ridge Capital Management LP increased its position in shares of nCino by 625.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after purchasing an additional 3,864,010 shares in the last quarter. Bank of America Corp DE boosted its position in nCino by 475.1% in the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock valued at $68,146,000 after buying an additional 2,076,579 shares in the last quarter. Millennium Management LLC grew its stake in nCino by 262.8% during the fourth quarter. Millennium Management LLC now owns 2,341,532 shares of the company’s stock worth $60,037,000 after buying an additional 1,696,051 shares during the last quarter. Senvest Management LLC grew its stake in nCino by 68.6% during the fourth quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock worth $104,567,000 after buying an additional 1,658,868 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in nCino during the third quarter worth about $36,962,000. Institutional investors and hedge funds 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.
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