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

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

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

• On Monday, April 8th, Jeanette Sellers sold 248 shares of nCino stock. The shares were 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 stock was sold at an average price of $31.18, for a total transaction of $27,874.92.

nCino Price Performance

nCino stock opened at $30.87 on Tuesday. The business has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $30.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $3.53 billion, a PE ratio of -81.24, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57. nCino, Inc. has a one year low of $21.32 and a one year high of $37.48.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 price target on shares of nCino in a research note on Wednesday, March 27th. Morgan Stanley upped their price objective on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Needham & Company LLC raised their target price on nCino from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Robert W. Baird raised their price target on shares of nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods started coverage on nCino in a research note on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price target on the stock. Five 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 company presently has an average rating of “Moderate Buy” and an average price target of $35.91.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. First Bank & Trust increased its holdings in shares of nCino by 4.1% during the fourth quarter. First Bank & Trust now owns 9,970 shares of the company’s stock worth $335,000 after buying an additional 395 shares in the last quarter. Parkwood LLC grew its position in nCino by 6.7% during the 4th quarter. Parkwood LLC now owns 10,400 shares of the company’s stock worth $350,000 after acquiring an additional 655 shares during the last quarter. Mesirow Institutional Investment Management Inc. increased its holdings in nCino by 6.1% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after purchasing an additional 719 shares in the last quarter. Precision Wealth Strategies LLC raised its position in nCino by 7.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 11,894 shares of the company’s stock valued at $445,000 after purchasing an additional 809 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in nCino by 9.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company’s stock worth $439,000 after purchasing an additional 1,087 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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.