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

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 431 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction of $13,201.53. Following the completion of the sale, the vice president now owns 29,961 shares of the company’s stock, valued at $917,705.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $8,533.68.
• On Wednesday, February 7th, Jeanette Sellers sold 894 shares of nCino stock. The shares were sold at an average price of $31.18, for a total value of $27,874.92.

nCino Stock Up 2.2 %

Shares of NASDAQ:NCNO traded up $0.67 during trading hours on Monday, reaching $30.87. The stock had a trading volume of 800,864 shares, compared to its average volume of 942,749. 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’s 50 day moving average is $31.14 and its 200-day moving average is $30.99. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -81.32, a P/E/G ratio of 25.04 and a beta of 0.57. nCino, Inc. has a 1 year low of $21.32 and a 1 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 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. Research analysts predict that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted 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. Piper Sandler reaffirmed an “overweight” rating and issued a $42.00 price target on shares of nCino in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods started coverage on nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target on the stock. Morgan Stanley raised their price objective on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.91.

Hedge Funds Weigh In On nCino

A number of hedge funds and other institutional investors have recently made changes to their positions in NCNO. Wasatch Advisors LP raised its stake in nCino by 18.9% during the 4th 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 last quarter. Meritage Group LP increased its stake in nCino by 0.5% in the 4th quarter. Meritage Group LP now owns 1,711,126 shares of the company’s stock valued at $57,545,000 after buying an additional 8,157 shares during the period. Fred Alger Management LLC raised its stake in shares of nCino by 6.4% during the 3rd quarter. Fred Alger Management LLC now owns 1,339,050 shares of the company’s stock worth $42,582,000 after buying an additional 80,556 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of nCino by 96.1% during the 4th 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 increased its holdings in shares of nCino by 20.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock valued at $34,807,000 after purchasing an additional 177,799 shares in the last quarter. Hedge funds and other 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.