nCino, Inc. (NASDAQ:NCNO) VP Sells $63,226.50 in Stock

nCino, Inc. (NASDAQ:NCNO – Get Rating) VP Jeanette Sellers sold 1,830 shares of the company’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $34.55, for a total value of $63,226.50. Following the completion of the sale, the vice president now directly owns 26,110 shares of the company’s stock, valued at approximately $902,100.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, April 12th, Jeanette Sellers sold 13,566 shares of nCino stock. The shares were sold at an average price of $42.76, for a total value of $580,082.16.
• On Wednesday, April 6th, Jeanette Sellers sold 294 shares of nCino stock. The stock was sold at an average price of $43.63, for a total transaction of $12,827.22.

Shares of NASDAQ NCNO traded down $2.72 during midday trading on Monday, hitting $30.39. The company’s stock had a trading volume of 1,375,350 shares, compared to its average volume of 958,188. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.62 and a current ratio of 3.62. nCino, Inc. has a 1-year low of $23.94 and a 1-year high of $79.43. The firm’s fifty day moving average price is $35.92 and its 200-day moving average price is $44.17. The firm has a market cap of $3.35 billion, a P/E ratio of -48.24 and a beta of 0.91.

nCino (NASDAQ:NCNO – Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $94.21 million during the quarter, compared to the consensus estimate of $91.42 million. nCino had a negative return on equity of 13.52% and a negative net margin of 21.30%. nCino’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. As a group, research analysts predict that nCino, Inc. will post -0.7 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of NCNO. Bank of America Corp DE increased its position in nCino by 24.3% in the first quarter. Bank of America Corp DE now owns 68,551 shares of the company’s stock worth $2,809,000 after buying an additional 13,414 shares during the period. Verition Fund Management LLC bought a new position in shares of nCino during the first quarter worth about $744,000. Walleye Capital LLC increased its holdings in shares of nCino by 225.4% in the 1st quarter. Walleye Capital LLC now owns 34,801 shares of the company’s stock worth $1,426,000 after acquiring an additional 24,107 shares during the period. Cantor Fitzgerald L. P. bought a new stake in nCino in the 1st quarter valued at about $612,000. Finally, Advisory Services Network LLC acquired a new position in nCino during the 1st quarter valued at about $263,000.

NCNO has been the topic of several recent analyst reports. Morgan Stanley cut their price target on nCino from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Barclays raised their price target on shares of nCino from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 2nd. Piper Sandler cut their price target on shares of nCino from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, June 2nd. KeyCorp decreased their price objective on shares of nCino from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, June 2nd. Finally, Stephens reduced their price target on shares of nCino to $40.00 in a research report on Friday, June 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $53.26.

nCino Company Profile (Get Rating)

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, 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 banks and credit unions 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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