Key Points
- nCino CEO Sean Desmond sold 8,064 shares at an average price of $18.69, generating $150,716.16. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.65% to 1,231,080 shares.
- nCino shares opened at $19.09, with a market capitalization of approximately $2.02 billion and a 52-week range of $13.80 to $27.50.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.38; institutional investors own 94.76% of the company.
nCino Inc. (NASDAQ:NCNO - Get Free Report) CEO Sean Desmond sold 8,064 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $18.69, for a total value of $150,716.16. Following the transaction, the chief executive officer owned 1,231,080 shares of the company's stock, valued at $23,008,885.20. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Desmond also recently made the following trade(s):
- On Thursday, September 3rd, Sean Desmond sold 8,064 shares of nCino stock. The shares were sold at an average price of $23.66, for a total transaction of $190,794.24.
- On Tuesday, August 4th, Sean Desmond sold 28,675 shares of nCino stock. The stock was sold at an average price of $19.22, for a total transaction of $551,133.50.
- On Wednesday, August 5th, Sean Desmond sold 11,815 shares of nCino stock. The shares were sold at an average price of $19.53, for a total transaction of $230,746.95.
nCino Price Performance
nCino stock opened at $19.09 on Thursday. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $27.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average is $20.49 and its 200 day moving average is $17.89. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 63.63 and a beta of 0.81.
Analyst Ratings Changes
Several brokerages have recently issued reports on NCNO. UBS Group restated a "buy" rating on shares of nCino in a research report on Wednesday, August 26th. Truist Financial lifted 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. JPMorgan Chase & Co. boosted their price objective on nCino from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, June 22nd. Citizens Jmp lifted their target price on nCino from $23.00 to $25.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 26th. Finally, Piper Sandler started coverage on nCino in a report on Monday, August 24th. They issued an "overweight" rating and a $25.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.38.
Read Our Latest Stock Report on nCino
Institutional Trading of nCino
Several institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in shares of nCino during the first quarter valued at approximately $32,000. IFP Advisors Inc lifted its stake in shares of nCino by 7,370.4% during the 2nd 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 last quarter. Versant Capital Management Inc lifted its stake in shares of nCino by 664.9% during the 2nd quarter. Versant Capital Management Inc now owns 2,417 shares of the company's stock worth $40,000 after acquiring an additional 2,101 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in nCino by 5,250.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the company's stock valued at $50,000 after acquiring an additional 3,255 shares during the period. Finally, Essential Partners LLC boosted its holdings in nCino by 9,400.0% during the 1st quarter. Essential Partners LLC now owns 3,800 shares of the company's stock valued at $57,000 after acquiring an additional 3,760 shares during the period. Institutional investors own 94.76% of the company's stock.
nCino Company Profile
(
Get Free Report)
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 and manage core banking processes through a unified, configurable operating environment.
The company's products support commercial, small-business and consumer lending; account opening and deposit origination; customer onboarding; loan and relationship management; workflow automation; and portfolio and analytics capabilities.
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