nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers Sells 468 Shares

nCino, Inc. (NASDAQ:NCNO - Get Free Report) 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 transaction of $15,256.80. Following the completion of the transaction, the vice president now directly owns 22,602 shares of the company's stock, valued at approximately $736,825.20. This trade represents a 2.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Price Performance

Shares of NCNO traded up $0.52 during mid-day trading on Monday, reaching $32.96. The stock had a trading volume of 1,021,461 shares, compared to its average volume of 984,460. The business has a fifty day moving average of $34.47 and a 200 day moving average of $34.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -193.87, a PEG ratio of 5.70 and a beta of 0.65. nCino, Inc. has a 12 month low of $28.09 and a 12 month high of $43.20.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NCNO. Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. UBS Group initiated coverage on shares of nCino in a research note on Monday, December 16th. They issued a "buy" rating and a $44.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of nCino from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, December 6th. Needham & Company LLC lifted their price objective on shares of nCino from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Stephens increased their target price on nCino from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NCNO. The Manufacturers Life Insurance Company boosted its holdings in nCino by 18.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,467 shares of the company's stock valued at $644,000 after purchasing an additional 3,233 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company's stock valued at $459,000 after purchasing an additional 508 shares in the last quarter. Truist Financial Corp increased its position in nCino by 16.2% during the second quarter. Truist Financial Corp now owns 41,053 shares of the company's stock worth $1,291,000 after purchasing an additional 5,712 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of nCino during the 3rd quarter worth $219,000. Finally, Handelsbanken Fonder AB raised its position in nCino by 92.3% in the third quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company's stock valued at $711,000 after purchasing an additional 10,800 shares during the period. Institutional investors own 94.76% of the company's stock.

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.