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

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 468 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $15,256.80. Following the sale, 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 SEC, which can be accessed through 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 Trading Down 0.0 %

NASDAQ NCNO opened at $32.44 on Friday. The firm has a market capitalization of $3.76 billion, a PE ratio of -190.81, a price-to-earnings-growth ratio of 13.00 and a beta of 0.65. The business’s 50-day moving average price is $34.64 and its two-hundred day moving average price is $34.53. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12 month low of $28.09 and a 12 month high of $43.20.

Institutional Trading of nCino

Institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC acquired a new position in shares of nCino in the 4th quarter worth approximately $70,256,000. ShawSpring Partners LLC raised its stake in nCino by 115.9% during the third quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock worth $83,830,000 after buying an additional 1,424,349 shares during the last quarter. Raymond James Financial Inc. acquired a new position in nCino in the fourth quarter valued at $39,334,000. Long Path Partners LP boosted its position in nCino by 43.7% during the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after acquiring an additional 1,131,271 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after acquiring an additional 828,124 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NCNO has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price on shares of nCino in a report on Thursday, December 5th. UBS Group initiated coverage on shares of nCino in a report on Monday, December 16th. They set a “buy” rating and a $44.00 price target on the stock. William Blair reissued an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Finally, Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.