Key Points
- Jeanette Sellers sold 3,695 shares of nCino on May 5 at an average price of $18.04 for $66,657.80, reducing her holdings to 50,876 shares (a 6.77% decrease); the sale was executed under a pre-arranged Rule 10b5-1 trading plan and follows several recent smaller dispositions.
- nCino beat recent quarterly expectations, reporting $0.37 EPS vs. $0.21 expected and $149.67M in revenue, and Wall Street holds a consensus "Moderate Buy" with an average target near $26.07 despite mixed analyst price-target revisions.
nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 3,695 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $18.04, for a total transaction of $66,657.80. Following the completion of the sale, the senior vice president directly owned 50,876 shares in the company, valued at approximately $917,803.04. This trade represents a 6.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeanette Sellers also recently made the following trade(s):
- On Monday, May 4th, Jeanette Sellers sold 1,486 shares of nCino stock. The shares were sold at an average price of $18.02, for a total transaction of $26,777.72.
- On Tuesday, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The shares were sold at an average price of $17.55, for a total transaction of $32,871.15.
- On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The stock was sold at an average price of $16.75, for a total transaction of $12,311.25.
nCino Stock Up 1.9%
NASDAQ NCNO opened at $17.78 on Friday. nCino Inc. has a 1 year low of $13.80 and a 1 year high of $33.92. The stock has a market capitalization of $1.93 billion, a PE ratio of 355.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50-day moving average is $16.60 and its 200 day moving average is $21.13.
nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.16. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. During the same quarter in the prior year, the company posted $0.12 EPS. nCino's quarterly revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that nCino Inc. will post 0.52 earnings per share for the current year.
Hedge Funds Weigh In On nCino
Hedge funds have recently bought and sold shares of the company. Ranger Investment Management L.P. increased its holdings in nCino by 48.2% in the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company's stock worth $31,387,000 after buying an additional 376,506 shares in the last quarter. Vanguard Group Inc. lifted its stake in nCino by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company's stock valued at $323,279,000 after acquiring an additional 201,499 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of nCino during the 3rd quarter valued at about $1,397,000. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of nCino by 19.8% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company's stock valued at $10,175,000 after acquiring an additional 62,142 shares during the last quarter. Finally, Shannon River Fund Management LLC grew its stake in shares of nCino by 27.4% in the third quarter. Shannon River Fund Management LLC now owns 1,578,896 shares of the company's stock worth $42,804,000 after acquiring an additional 339,863 shares during the period. Institutional investors own 94.76% of the company's stock.
Wall Street Analyst Weigh In
NCNO has been the subject of a number of research analyst reports. Truist Financial dropped their price target on nCino from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 1st. Robert W. Baird reduced their price objective on shares of nCino from $34.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods decreased their price objective on shares of nCino from $36.00 to $24.00 and set an "outperform" rating for the company in a report on Wednesday, April 1st. Stephens dropped their target price on shares of nCino from $34.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, April 1st. Finally, Barclays lifted their target price on shares of nCino from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.07.
Check Out Our Latest Analysis on NCNO
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.
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