nCino, Inc. (NASDAQ:NCNO) CEO Sells $164,108.40 in Stock

nCino, Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 5,034 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the sale, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at approximately $9,991,150.20. This represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

nCino Price Performance

Shares of NASDAQ NCNO traded down $0.29 during mid-day trading on Thursday, reaching $32.45. The company had a trading volume of 729,481 shares, compared to its average volume of 981,995. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. nCino, Inc. has a one year low of $28.09 and a one year high of $43.20. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -190.87, a PEG ratio of 13.00 and a beta of 0.65. The business’s 50-day simple moving average is $35.02 and its 200 day simple moving average is $34.55.

Institutional Trading of nCino

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in nCino by 46.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after purchasing an additional 344,269 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of nCino in the third quarter valued at $689,000. Verition Fund Management LLC bought a new position in nCino in the 3rd quarter valued at about $594,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of nCino by 51.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company’s stock valued at $17,588,000 after purchasing an additional 189,283 shares in the last quarter. Finally, Vanderbilt University lifted its position in shares of nCino by 192.3% during the third quarter. Vanderbilt University now owns 140,571 shares of the company’s stock valued at $4,441,000 after purchasing an additional 92,481 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial reiterated a “buy” rating and set a $44.00 price objective (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Scotiabank raised their price target on shares of nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Morgan Stanley reduced their target price on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, December 6th. Finally, Keefe, Bruyette & Woods lifted their price target on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.50.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.