nCino (NASDAQ:NCNO) CEO Sells $150,716.16 in Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 8,064 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 1,231,080 shares of the company’s stock, valued at $23,008,885.20. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $190,794.24.
• On Tuesday, August 4th, Sean Desmond sold 28,675 shares of nCino stock. The shares were sold at an average price of $19.22, for a total value 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 value of $230,746.95.

nCino Stock Up 0.3%

Shares of nCino stock opened at $19.73 on Friday. nCino Inc. has a 1 year low of $13.80 and a 1 year high of $27.50. The company has a market cap of $2.09 billion, a P/E ratio of 65.77 and a beta of 0.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $20.54 and a 200 day moving average price of $17.94.

Institutional Investors Weigh In On nCino

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in nCino during the second quarter valued at approximately $147,492,000. Bank of America Corp DE bought a new stake in nCino in the second quarter worth approximately $84,319,000. American Capital Management Inc. bought a new stake in nCino in the second quarter worth approximately $83,508,000. HMI Capital Management L.P. acquired a new position in shares of nCino during the 2nd quarter worth $81,598,000. Finally, Senvest Management LLC raised its holdings in shares of nCino by 30.2% during the 1st quarter. Senvest Management LLC now owns 5,308,468 shares of the company’s stock valued at $79,521,000 after purchasing an additional 1,230,192 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of nCino in a research note on Wednesday, August 26th. Piper Sandler started coverage on shares of nCino in a research report on Monday, August 24th. They issued an “overweight” rating and a $25.00 target price for the company. Barclays lifted their target price on shares of nCino from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.38.

nCino Company Profile

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.