Jeanette Sellers Sells 690 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 690 shares of nCino stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $22.70, for a total value of $15,663.00. Following the transaction, the senior vice president owned 47,763 shares in the company, valued at $1,084,220.10. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 value of $29,998.08.
• On Tuesday, August 4th, Jeanette Sellers sold 887 shares of nCino stock. The stock was sold at an average price of $19.22, for a total value of $17,048.14.

nCino Trading Down 1.3%

Shares of NASDAQ NCNO opened at $22.30 on Wednesday. The business has a 50-day moving average price of $18.67 and a two-hundred day moving average price of $17.02. 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 firm has a market capitalization of $2.36 billion, a PE ratio of 74.33 and a beta of 0.69. nCino Inc. has a one year low of $13.80 and a one year high of $31.92.

Hedge Funds Weigh In On nCino

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in nCino during the second quarter valued at about $147,492,000. Bank of America Corp DE acquired a new stake in shares of nCino in the second quarter valued at about $84,319,000. American Capital Management Inc. bought a new position in shares of nCino in the second quarter worth about $83,508,000. HMI Capital Management L.P. bought a new position in shares of nCino in the second quarter worth about $81,598,000. Finally, Hawk Ridge Capital Management LP lifted its position in shares of nCino by 625.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NCNO shares. Keefe, Bruyette & Woods boosted their price target on shares of nCino from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Citizens Jmp increased their price objective on nCino from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price objective on nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of nCino in a research note on Wednesday, August 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of nCino in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.38.

About nCino

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.