nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers Sells 1,791 Shares

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $62.28, for a total value of $111,543.48. Following the completion of the sale, the vice president now owns 8,028 shares in the company, valued at approximately $499,983.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:NCNO opened at $61.96 on Friday. nCino, Inc. has a 52-week low of $48.00 and a 52-week high of $103.95. The firm has a market capitalization of $5.91 billion and a P/E ratio of -112.65. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $62.91.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, June 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $59.36 million. nCino had a negative return on equity of 9.82% and a negative net margin of 23.72%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) EPS. Sell-side analysts expect that nCino, Inc. will post -0.53 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on NCNO shares. Gabelli raised nCino from a “hold” rating to a “buy” rating in a report on Friday, May 14th. G.Research upgraded shares of nCino from a “hold” rating to a “buy” rating in a report on Friday, May 14th. Wells Fargo & Company began coverage on shares of nCino in a research report on Wednesday. They issued an “equal weight” rating and a $70.00 price objective on the stock. Barclays reduced their target price on shares of nCino from $92.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, March 29th. Finally, Needham & Company LLC lowered their price target on shares of nCino from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, June 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $84.22.

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in nCino by 69.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,949 shares of the company’s stock valued at $619,072,000 after buying an additional 3,588,709 shares during the last quarter. HMI Capital Management L.P. bought a new position in shares of nCino during the first quarter valued at $159,212,000. Whale Rock Capital Management LLC bought a new position in shares of nCino during the first quarter valued at $89,761,000. BlackRock Inc. lifted its holdings in shares of nCino by 131.4% during the first quarter. BlackRock Inc. now owns 1,632,459 shares of the company’s stock worth $108,916,000 after purchasing an additional 927,038 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of nCino by 113.4% in the first quarter. Nuveen Asset Management LLC now owns 1,355,972 shares of the company’s stock worth $90,470,000 after purchasing an additional 720,704 shares during the last quarter. 88.22% of the stock is owned by institutional investors.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.

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