Sean Desmond Sells 5,009 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) insider Sean Desmond sold 5,009 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $153,425.67. Following the completion of the sale, the insider now directly owns 381,974 shares in the company, valued at $11,699,863.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sean Desmond also recently made the following trade(s):

• On Monday, April 8th, Sean Desmond sold 2,362 shares of nCino stock. The shares were sold at an average price of $34.41, for a total value of $81,276.42.

nCino Trading Up 1.5 %

Shares of NASDAQ:NCNO opened at $31.34 on Wednesday. The stock has a 50 day moving average of $31.16 and a 200 day moving average of $31.01. The company has a market cap of $3.58 billion, a PE ratio of -82.47, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57. nCino, Inc. has a 12-month low of $21.32 and a 12-month high of $37.48. 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 (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The firm had revenue of $123.69 million during the quarter, compared to analysts’ expectations of $124.58 million. As a group, equities research analysts expect that nCino, Inc. will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Needham & Company LLC upped their target price on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Robert W. Baird raised their price target on shares of nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and set a $42.00 target price on shares of nCino in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods began coverage on nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.91.

Institutional Trading of nCino

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Strs Ohio purchased a new position in shares of nCino in the fourth quarter worth $990,000. Barclays PLC increased its holdings in nCino by 45.2% in the 3rd quarter. Barclays PLC now owns 88,168 shares of the company’s stock valued at $2,804,000 after acquiring an additional 27,452 shares during the last quarter. Trexquant Investment LP purchased a new stake in nCino in the 3rd quarter worth $1,161,000. Envestnet Asset Management Inc. boosted its holdings in shares of nCino by 85.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 139,997 shares of the company’s stock valued at $4,452,000 after purchasing an additional 64,446 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in shares of nCino during the third quarter valued at about $3,171,000. Institutional investors own 94.76% of the company’s stock.

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 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.