nCino, Inc. (NASDAQ:NCNO) VP Sells $65,300.49 in Stock

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 2,153 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.33, for a total transaction of $65,300.49. Following the transaction, the vice president now owns 27,360 shares of the company’s stock, valued at $829,828.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, May 2nd, Jeanette Sellers sold 431 shares of nCino stock. The shares were sold at an average price of $30.63, for a total transaction of $13,201.53.
• 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 transaction of $8,533.68.

nCino Stock Performance

Shares of NCNO opened at $30.81 on Friday. nCino, Inc. has a 1 year low of $21.32 and a 1 year high of $37.48. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -81.08, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $31.23 and a 200-day moving average of $31.03.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $123.69 million during the quarter, compared to the consensus estimate of $124.58 million. As a group, equities analysts anticipate that nCino, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NCNO shares. 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 price target for the company. Needham & Company LLC lifted their price target on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. William Blair reiterated an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and set a $42.00 price target on shares of nCino in a report on Wednesday, March 27th. Finally, Robert W. Baird raised their target price 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.91.

Hedge Funds Weigh In On nCino

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP boosted its holdings in shares of nCino by 18.9% during the fourth quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company’s stock valued at $75,777,000 after acquiring an additional 358,766 shares during the period. Meritage Group LP lifted its holdings in nCino by 0.5% in the fourth quarter. Meritage Group LP now owns 1,711,126 shares of the company’s stock worth $57,545,000 after purchasing an additional 8,157 shares during the period. Fred Alger Management LLC lifted its holdings in nCino by 6.4% in the third quarter. Fred Alger Management LLC now owns 1,339,050 shares of the company’s stock worth $42,582,000 after purchasing an additional 80,556 shares during the period. Clearbridge Investments LLC lifted its holdings in nCino by 96.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock worth $36,076,000 after purchasing an additional 525,605 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in nCino by 20.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock worth $34,807,000 after purchasing an additional 177,799 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

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.