nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 690 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $22.70, for a total transaction of $15,663.00. Following the completion of the sale, the senior vice president owned 47,763 shares of the company's stock, valued at $1,084,220.10. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jeanette Sellers also recently made the following trade(s):
- On Wednesday, August 5th, Jeanette Sellers sold 1,536 shares of nCino stock. The stock was sold at an average price of $19.53, for a total transaction of $29,998.08.
- On Tuesday, August 4th, Jeanette Sellers sold 887 shares of nCino stock. The shares were sold at an average price of $19.22, for a total transaction of $17,048.14.
nCino Stock Performance
NCNO opened at $22.60 on Tuesday. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $32.53. The stock has a market cap of $2.39 billion, a P/E ratio of 75.33 and a beta of 0.66. The stock's 50 day simple moving average is $18.51 and its 200 day simple moving average is $16.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.
Hedge Funds Weigh In On nCino
A number of large investors have recently bought and sold shares of NCNO. Farther Finance Advisors LLC boosted its holdings in shares of nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company's stock valued at $43,000 after purchasing an additional 722 shares during the last quarter. Captrust Financial Advisors raised its position in nCino by 1.2% in the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company's stock valued at $1,701,000 after purchasing an additional 743 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of nCino by 14.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company's stock valued at $153,000 after buying an additional 765 shares during the period. CWM LLC grew its position in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after acquiring an additional 821 shares in the last quarter. Finally, Quarry LP raised its stake in shares of nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company's stock valued at $46,000 after purchasing an additional 987 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.
Analysts Set New Price Targets
NCNO has been the subject of several research reports. Citizens Jmp lifted their price target on nCino from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. increased their price objective on shares of nCino from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, June 22nd. Truist Financial raised their target price on shares of nCino from $19.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, August 26th. BTIG Research reaffirmed a "neutral" rating on shares of nCino in a report on Wednesday, August 26th. Finally, UBS Group reissued a "buy" rating on shares of nCino in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.38.
Check Out Our Latest Report on nCino
nCino Company Profile
(
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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.
Further Reading
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