nCino, Inc. (NASDAQ:NCNO) VP Sells $15,256.80 in Stock

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 468 shares of nCino stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $15,256.80. Following the completion of the transaction, the vice president now owns 22,602 shares of the company’s stock, valued at approximately $736,825.20. This represents a 2.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeanette Sellers also recently made the following trade(s):

• On Wednesday, December 11th, Jeanette Sellers sold 250 shares of nCino stock. The stock was sold at an average price of $36.73, for a total value of $9,182.50.

nCino Stock Performance

NCNO stock traded down $0.29 during mid-day trading on Thursday, reaching $32.45. 729,481 shares of the stock traded hands, compared to its average volume of 981,995. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $35.02 and a two-hundred day moving average of $34.55. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20. The firm has a market capitalization of $3.76 billion, a PE ratio of -190.87, a P/E/G ratio of 13.00 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in nCino in the fourth quarter worth about $39,334,000. Arizona State Retirement System raised its position in nCino by 8.0% in the fourth quarter. Arizona State Retirement System now owns 26,842 shares of the company’s stock worth $901,000 after purchasing an additional 1,990 shares in the last quarter. Victory Capital Management Inc. raised its position in nCino by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after purchasing an additional 340 shares in the last quarter. Keybank National Association OH acquired a new position in nCino in the fourth quarter worth about $297,000. Finally, Charles Schwab Investment Management Inc. raised its position in nCino by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,627 shares of the company’s stock worth $19,027,000 after purchasing an additional 9,870 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NCNO shares. Scotiabank upped their price target on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. UBS Group started coverage on shares of nCino in a research note on Monday, December 16th. They set a “buy” rating and a $44.00 target price for the company. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Monday, January 6th. Piper Sandler reissued a “neutral” rating and set a $38.00 price objective on shares of nCino in a research note on Thursday, December 5th. Finally, Needham & Company LLC lifted their target price on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.