April Rieger Sells 6,098 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) insider April Rieger sold 6,098 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $21.98, for a total value of $134,034.04. Following the completion of the transaction, the insider directly owned 369,651 shares in the company, valued at approximately $8,124,928.98. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

April Rieger also recently made the following trade(s):

• On Tuesday, August 4th, April Rieger sold 7,852 shares of nCino stock. The stock was sold at an average price of $19.22, for a total value of $150,915.44.

nCino Stock Down 1.7%

nCino stock opened at $21.05 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $20.08 and its two-hundred day simple moving average is $17.58. The company has a market cap of $2.23 billion, a PE ratio of 70.17 and a beta of 0.69. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $30.79.

Analysts Set New Price Targets

A number of research firms have issued reports on NCNO. UBS Group reissued a “buy” rating on shares of nCino in a research 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 restated a “sell (d+)” rating on shares of nCino in a research report on Tuesday, August 25th. Truist Financial increased their price target on nCino from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, August 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of nCino in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, nCino presently has an average rating of “Moderate Buy” and a consensus price target of $24.38.

Institutional Trading of nCino

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of nCino by 7,370.4% in the second quarter. IFP Advisors Inc now owns 2,017 shares of the company’s stock worth $33,000 after acquiring an additional 1,990 shares during the period. Optiver Holding B.V. purchased a new position in nCino during the first quarter worth approximately $32,000. Versant Capital Management Inc boosted its position in nCino by 664.9% during the second quarter. Versant Capital Management Inc now owns 2,417 shares of the company’s stock worth $40,000 after purchasing an additional 2,101 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in nCino by 5,250.0% in the first quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the company’s stock valued at $50,000 after purchasing an additional 3,255 shares during the period. Finally, Essential Partners LLC increased its position in shares of nCino by 9,400.0% in the first quarter. Essential Partners LLC now owns 3,800 shares of the company’s stock valued at $57,000 after buying an additional 3,760 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

About nCino

nCino, Inc (NASDAQ: NCNO) provides cloud-based software designed to help banks, credit unions and other financial institutions manage and modernize their operations. Its platform, known as the nCino Bank Operating System, is built to streamline processes, improve collaboration and provide a unified view of customer and financial data.

The company’s products support commercial, small-business, consumer and mortgage lending, as well as account opening, deposit origination, onboarding, credit analysis, portfolio management and regulatory compliance.