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

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 468 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at approximately $736,825.20. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Stock Performance

Shares of NCNO opened at $32.45 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $34.84 and a 200-day moving average price of $34.53. nCino, Inc. has a 12-month low of $28.09 and a 12-month high of $43.20.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird dropped their price objective on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Truist Financial restated a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of nCino in a research note on Monday, October 21st. Scotiabank raised their price objective on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Macquarie raised their target price on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, UBS Group started coverage on nCino in a report on Monday, December 16th. They issued a “buy” rating and a $44.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Trading of nCino

Large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in nCino in the 4th quarter worth approximately $34,000. Hilltop National Bank purchased a new position in nCino in the 4th quarter worth approximately $37,000. Asset Management One Co. Ltd. increased its stake in nCino by 21.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after purchasing an additional 341 shares during the period. West Tower Group LLC purchased a new position in nCino in the 3rd quarter worth approximately $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in nCino in the 3rd quarter worth approximately $152,000. Institutional investors own 94.76% of the company’s stock.

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.