nCino Inc. (NASDAQ:NCNO – Get Free Report) insider April Rieger sold 6,098 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $21.98, for a total value of $134,034.04. Following the sale, the insider owned 369,651 shares in the company, valued at approximately $8,124,928.98. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
April Rieger also recently made the following trade(s):
- On Tuesday, August 4th, April Rieger sold 7,852 shares of nCino stock. The stock was sold at an average price of $19.22, for a total transaction of $150,915.44.
nCino Price Performance
NCNO stock opened at $21.41 on Friday. The firm has a 50 day moving average of $20.00 and a 200-day moving average of $17.56. The firm has a market capitalization of $2.26 billion, a P/E ratio of 71.37 and a beta of 0.69. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $31.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.
Hedge Funds Weigh In On nCino
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Truist Financial lifted their price objective on nCino from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, August 26th. BTIG Research restated a “neutral” rating on shares of nCino in a research report on Wednesday, August 26th. Wall Street Zen upgraded nCino from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of nCino in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.38.
Check Out Our Latest Stock Report on NCNO
nCino Company Profile
nCino, Inc (NASDAQ: NCNO) provides cloud-based software designed to help banks, credit unions and other financial institutions manage and modernize their operations. Its platform, known as the nCino Bank Operating System, is built to streamline processes, improve collaboration and provide a unified view of customer and financial data.
The company’s products support commercial, small-business, consumer and mortgage lending, as well as account opening, deposit origination, onboarding, credit analysis, portfolio management and regulatory compliance.
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