nCino, Inc. (NASDAQ:NCNO) Director Sells $36,480.00 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Pamela Kilday sold 1,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.48, for a total transaction of $36,480.00. Following the sale, the director now owns 20,930 shares of the company’s stock, valued at $763,526.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

nCino Stock Down 1.8 %

NASDAQ NCNO opened at $34.73 on Wednesday. The stock’s 50 day moving average is $30.99 and its 200 day moving average is $30.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05. nCino, Inc. has a 12 month low of $21.26 and a 12 month high of $37.48. The stock has a market cap of $3.97 billion, a PE ratio of -91.39, a P/E/G ratio of 55.11 and a beta of 0.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NCNO shares. Morgan Stanley boosted their target price on shares of nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Needham & Company LLC upped their price objective on nCino from $40.00 to $42.00 and gave the stock a “buy” 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 note on Wednesday, March 27th. Finally, Robert W. Baird upped their price objective on nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming lifted its holdings in nCino by 56.8% in the 4th quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares in the last quarter. UBS Group AG lifted its holdings in nCino by 218.7% in the 3rd quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after purchasing an additional 1,240 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in nCino by 47.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock worth $141,000 after purchasing an additional 1,111 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after purchasing an additional 3,062 shares in the last quarter. Finally, Comerica Bank purchased a new stake in shares of nCino during the 2nd quarter worth approximately $1,070,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Company Profile

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 secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.