Insider Selling: nCino, Inc. (NASDAQ:NCNO) Director Sells 3,748 Shares of Stock
nCino, Inc. (NASDAQ:NCNO) Director Pamela Kilday sold 3,748 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $70.00, for a total value of $262,360.00. Following the sale, the director now directly owns 3,752 shares of the company’s stock, valued at approximately $262,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NCNO stock traded down $1.75 during midday trading on Wednesday, reaching $70.61. 1,036,924 shares of the company traded hands, compared to its average volume of 1,328,930. nCino, Inc. has a 52-week low of $57.38 and a 52-week high of $103.95. The business has a 50 day moving average of $69.49 and a 200-day moving average of $74.69.
nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Equities research analysts expect that nCino, Inc. will post -0.46 EPS for the current year.
Several analysts have issued reports on NCNO shares. Barclays cut their price target on nCino from $92.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, March 29th. Piper Sandler upped their price objective on nCino from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, December 10th. Robert W. Baird started coverage on nCino in a research note on Wednesday, February 17th. They issued a “neutral” rating and a $85.00 price objective for the company. Needham & Company LLC dropped their price objective on nCino from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 1st. They noted that the move was a valuation call. Finally, KeyCorp dropped their price objective on nCino from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, January 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $86.63.
nCino Company Profile
nCino, Inc, a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions.
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