nCino (NASDAQ:NCNO) released its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03, MarketWatch Earnings reports.
nCino stock traded up $2.67 during mid-day trading on Thursday, hitting $69.39. 40,779 shares of the company’s stock traded hands, compared to its average volume of 1,341,749. nCino has a one year low of $57.38 and a one year high of $103.95. The firm has a 50 day moving average price of $70.92 and a 200 day moving average price of $74.92.
In other nCino news, major shareholder Salesforce.Com, Inc. sold 44,083 shares of the business’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $72.68, for a total transaction of $3,203,952.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Rudow sold 11,434 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $70.34, for a total transaction of $804,267.56. Following the completion of the sale, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $1,758,500. The disclosure for this sale can be found here. In the last three months, insiders sold 831,723 shares of company stock valued at $61,053,767.
nCino Company Profile
nCino, Inc, a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions.
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