nCino (NASDAQ:NCNO) Stock: Insider Pierre Naude Sells 4,770 Shares

nCino Inc. (NASDAQ:NCNO) Director Pierre Naude sold 4,770 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $22.73, for a total transaction of $108,422.10. Following the transaction, the director owned 1,111,937 shares of the company’s stock, valued at approximately $25,274,328.01. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Price Performance

Shares of NASDAQ:NCNO traded down $0.22 during trading on Thursday, reaching $23.22. The stock had a trading volume of 1,548,348 shares, compared to its average volume of 2,755,685. The business has a fifty day moving average price of $21.20 and a 200-day moving average price of $18.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $2.46 billion, a PE ratio of 77.40 and a beta of 0.77. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $27.50.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino has launched an AI suite ahead of its December earnings report, adding a new product development for investors to watch. The upcoming results may provide more detail on adoption and business impact. Article: nCino stock approaches December earnings after AI suite launch
• Neutral Sentiment: Several executives and directors, including CEO Sean Desmond, reported share sales. The CEO’s transactions were made under a pre-arranged Rule 10b5-1 plan, and the reported sales were to cover tax withholding on vested equity awards. That context makes the disclosures less concerning than discretionary sales, though they could still create a modest sentiment overhang. SEC filing

Wall Street Analyst Weigh In

A number of research firms have weighed in on NCNO. Citizens Jmp boosted their price objective on nCino from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 26th. Piper Sandler began coverage on nCino in a research note on Monday, August 24th. They issued an “overweight” rating and a $25.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of nCino in a report on Monday, October 12th. BTIG Research reissued a “neutral” rating on shares of nCino in a research report on Wednesday, August 26th. Finally, Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in nCino during the 1st quarter worth $32,000. IFP Advisors Inc raised its position in nCino by 7,370.4% in the 2nd quarter. IFP Advisors Inc now owns 2,017 shares of the company’s stock valued at $33,000 after purchasing an additional 1,990 shares in the last quarter. Versant Capital Management Inc raised its position in nCino by 664.9% in the 2nd quarter. Versant Capital Management Inc now owns 2,417 shares of the company’s stock valued at $40,000 after purchasing an additional 2,101 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in nCino by 5,250.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the company’s stock valued at $50,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Essential Partners LLC boosted its stake in shares of nCino by 9,400.0% in the 1st quarter. Essential Partners LLC now owns 3,800 shares of the company’s stock valued at $57,000 after buying an additional 3,760 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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 banking operations, improve customer experiences and manage lending and deposit-related processes through a centralized, cloud-based environment.

The company’s products support commercial, small-business and consumer lending; account opening and onboarding; deposit account management; loan origination and servicing; portfolio management; and related reporting and workflow automation.