nCino (NASDAQ:NCNO) SVP Jeanette Sellers Sells 905 Shares of Stock

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 905 shares of nCino stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $22.73, for a total value of $20,570.65. Following the completion of the transaction, the senior vice president owned 46,858 shares in the company, valued at $1,065,082.34. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 27th, Jeanette Sellers sold 690 shares of nCino stock. The shares were sold at an average price of $22.70, for a total value of $15,663.00.

nCino Price Performance

nCino stock opened at $23.21 on Friday. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $27.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $21.23 and a 200-day simple moving average of $18.32. The stock has a market capitalization of $2.45 billion, a PE ratio of 77.37 and a beta of 0.77.

More nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Coverage highlights nCino’s AI suite launch as the company approaches its December earnings report. The product could provide a growth opportunity, while results and management’s outlook will be important catalysts. Article: nCino stock approaches December earnings after AI suite launch
• Neutral Sentiment: Several executives and insiders, including CEO Sean Desmond and CFO Gregory Orenstein, sold a combined 66,702 shares. Most sales were to cover tax withholding from equity awards; the CEO’s sales were under a pre-arranged trading plan. The transactions may attract attention, but their stated purpose makes them a limited signal of management’s view of NCNO shares. SEC filing

Wall Street Analyst Weigh In

NCNO has been the subject of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of nCino in a research report on Wednesday, August 26th. Barclays lifted their target price on shares of nCino from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, August 26th. BTIG Research reiterated a “neutral” rating on shares of nCino in a research note on Wednesday, August 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of nCino in a report on Tuesday, August 25th. Finally, Stephens started coverage on shares of nCino in a research report on Friday, October 16th. They issued an “overweight” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and a consensus target price of $23.42.

Institutional Investors Weigh In On nCino

Several institutional investors have recently made changes to their positions in the stock. Fulcrum Asset Management LLP purchased a new stake in shares of nCino in the 3rd quarter worth about $467,000. CenterBook Partners LP purchased a new position in nCino during the 3rd quarter valued at about $1,001,000. Commonwealth Equity Services LLC purchased a new position in nCino during the 3rd quarter valued at about $206,000. Cowa LLC increased its holdings in nCino by 20.6% during the 3rd quarter. Cowa LLC now owns 21,650 shares of the company’s stock valued at $393,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new position in nCino during the third quarter worth about $562,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Company Profile

nCino, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help institutions modernize banking operations, improve customer experiences and manage lending and deposit-related processes through a centralized, cloud-based environment.

The company’s products support commercial, small-business and consumer lending; account opening and onboarding; deposit account management; loan origination and servicing; portfolio management; and related reporting and workflow automation.