Key Points
- Jeanette Sellers sold 1,873 nCino shares on April 14 at $17.55 for about $32,871, cutting her ownership to 40,611 shares (a 4.41% decrease); she has sold a total of 6,120 shares this year across four trades (Feb 3, Feb 4, Apr 2, Apr 14).
- nCino beat the quarter with $0.37 EPS vs. $0.21 expected and $149.7M revenue, but the stock carries a high P/E (365.6), sits below its 200‑day moving average, and has a consensus analyst target of $26.07 ("Moderate Buy").
nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 1,873 shares of the firm's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $17.55, for a total transaction of $32,871.15. Following the completion of the transaction, the senior vice president owned 40,611 shares in the company, valued at approximately $712,723.05. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Jeanette Sellers also recently made the following trade(s):
- On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The shares were sold at an average price of $16.75, for a total transaction of $12,311.25.
- On Wednesday, February 4th, Jeanette Sellers sold 2,182 shares of nCino stock. The shares were sold at an average price of $18.26, for a total transaction of $39,843.32.
- On Tuesday, February 3rd, Jeanette Sellers sold 1,330 shares of nCino stock. The stock was sold at an average price of $18.68, for a total transaction of $24,844.40.
nCino Stock Performance
Shares of NASDAQ NCNO opened at $18.28 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average price is $16.28 and its two-hundred day moving average price is $21.89. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $33.92. The stock has a market capitalization of $2.09 billion, a P/E ratio of 365.60, a P/E/G ratio of 2.72 and a beta of 0.61.
nCino (NASDAQ:NCNO - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, sell-side analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.
Hedge Funds Weigh In On nCino
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in nCino by 475.1% during the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company's stock worth $68,146,000 after purchasing an additional 2,076,579 shares in the last quarter. Millennium Management LLC boosted its stake in nCino by 262.8% during the 4th quarter. Millennium Management LLC now owns 2,341,532 shares of the company's stock valued at $60,037,000 after purchasing an additional 1,696,051 shares in the last quarter. Senvest Management LLC boosted its stake in nCino by 68.6% during the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company's stock valued at $104,567,000 after purchasing an additional 1,658,868 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of nCino during the 3rd quarter valued at $36,962,000. Finally, Ophir Asset Management Pty Ltd acquired a new position in shares of nCino during the 4th quarter valued at $33,985,000. Institutional investors own 94.76% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NCNO. Needham & Company LLC dropped their target price on nCino from $38.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Morgan Stanley reduced their price target on shares of nCino from $36.00 to $21.00 and set an "overweight" rating for the company in a report on Monday, March 30th. Piper Sandler raised shares of nCino from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $30.00 to $22.00 in a report on Wednesday, April 1st. Keefe, Bruyette & Woods cut their price objective on shares of nCino from $36.00 to $24.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 1st. Finally, Robert W. Baird reduced their target price on shares of nCino from $34.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.07.
View Our Latest Stock Report on nCino
About nCino
(
Get Free Report)
nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.
Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
