Jeanette Sellers Sells 431 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 431 shares of nCino stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $13,201.53. Following the completion of the transaction, the vice president now owns 29,961 shares in the company, valued at approximately $917,705.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeanette Sellers also recently made the following trade(s):

• On Monday, April 8th, Jeanette Sellers sold 248 shares of nCino stock. The stock was sold at an average price of $34.41, for a total value of $8,533.68.
• On Wednesday, February 7th, Jeanette Sellers sold 894 shares of nCino stock. The shares were sold at an average price of $31.18, for a total value of $27,874.92.

nCino Stock Up 1.5 %

NCNO stock opened at $31.34 on Wednesday. nCino, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $37.48. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -82.47, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57. The business’s 50 day moving average price is $31.16 and its two-hundred day moving average price is $31.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $123.69 million for the quarter, compared to analysts’ expectations of $124.58 million. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. As a group, analysts forecast that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on NCNO shares. Robert W. Baird lifted their target price on shares of nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Piper Sandler restated an “overweight” rating and issued a $42.00 price objective on shares of nCino in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods started coverage on shares of nCino in a report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price for the company. Morgan Stanley boosted their price target on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NCNO. Raymond James & Associates boosted its stake in nCino by 4.8% during the third quarter. Raymond James & Associates now owns 324,161 shares of the company’s stock worth $10,308,000 after acquiring an additional 14,929 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of nCino by 27.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,704 shares of the company’s stock valued at $309,000 after purchasing an additional 2,118 shares during the last quarter. Precision Wealth Strategies LLC boosted its position in shares of nCino by 15.8% in the 3rd quarter. Precision Wealth Strategies LLC now owns 11,044 shares of the company’s stock worth $351,000 after purchasing an additional 1,503 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of nCino in the 3rd quarter worth approximately $3,171,000. Finally, Victory Capital Management Inc. bought a new position in nCino during the 3rd quarter valued at approximately $213,000. 94.76% of the stock is currently owned by institutional investors.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.