nCino, Inc. (NASDAQ:NCNO) VP Sells $20,901.72 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) VP Jeanette Sellers sold 1,002 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $20.86, for a total value of $20,901.72. Following the transaction, the vice president now directly owns 21,600 shares in the company, valued at approximately $450,576. The trade was a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, April 4th, Jeanette Sellers sold 2,501 shares of nCino stock. The stock was sold at an average price of $21.51, for a total value of $53,796.51.
• On Tuesday, February 4th, Jeanette Sellers sold 468 shares of nCino stock. The stock was sold at an average price of $32.60, for a total value of $15,256.80.

nCino Price Performance

Shares of NCNO stock traded down $1.28 during midday trading on Thursday, reaching $23.15. 286,464 shares of the company traded hands, compared to its average volume of 1,346,066. The firm's 50 day simple moving average is $29.44 and its two-hundred day simple moving average is $33.72. nCino, Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.70 billion, a PE ratio of -138.79, a price-to-earnings-growth ratio of 5.77 and a beta of 0.69.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company had revenue of $141.37 million for the quarter, compared to analyst estimates of $140.81 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company's revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities research analysts expect that nCino, Inc. will post 0.12 EPS for the current fiscal year.

nCino declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 1st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NCNO shares. Scotiabank reissued a "sector perform" rating and set a $19.00 price target (down previously from $35.00) on shares of nCino in a report on Wednesday, April 2nd. Truist Financial lowered nCino from a "buy" rating to a "hold" rating and lowered their price target for the stock from $44.00 to $21.00 in a report on Wednesday, April 2nd. Raymond James lowered their price target on nCino from $42.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. KeyCorp reissued a "sector weight" rating on shares of nCino in a report on Monday, February 3rd. Finally, Stephens reissued an "equal weight" rating and set a $38.00 price target on shares of nCino in a report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $30.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of nCino during the 4th quarter worth approximately $34,000. Hilltop National Bank purchased a new stake in nCino in the 4th quarter worth approximately $37,000. Johnson Financial Group Inc. purchased a new stake in nCino in the 4th quarter worth approximately $57,000. Asset Management One Co. Ltd. grew its stake in nCino by 16.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after acquiring an additional 323 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in nCino by 32.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company's stock worth $152,000 after acquiring an additional 1,122 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

About nCino

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.