nCino (NASDAQ:NCNO) Stock: Insider Jeanette Sellers Sells 905 Shares

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 905 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $22.73, for a total value of $20,570.65. Following the completion of the transaction, the senior vice president owned 46,858 shares of the company’s stock, valued at approximately $1,065,082.34. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 27th, Jeanette Sellers sold 690 shares of nCino stock. The shares were sold at an average price of $22.70, for a total transaction of $15,663.00.

nCino Stock Performance

NCNO opened at $22.67 on Friday. nCino Inc. has a 12-month low of $13.80 and a 12-month high of $27.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $21.22 and a 200-day moving average of $18.32. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 75.57 and a beta of 0.77.

Analysts Set New Price Targets

NCNO has been the topic of several recent analyst reports. Citizens Jmp upped their price objective on shares of nCino from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 26th. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods increased their price target on shares of nCino from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of nCino in a research report on Wednesday, August 26th. Finally, Citigroup reiterated a “market outperform” rating on shares of nCino in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.42.

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino’s recently launched AI suite could offer a growth opportunity. Investor attention may turn to adoption and management’s outlook when the company reports earnings in December. Article: nCino stock approaches December earnings after AI suite launch
• Neutral Sentiment: Several nCino executives and insiders, including CEO Sean Desmond and CFO Gregory Orenstein, sold shares. The reported transactions totaled about 66,700 shares, but were described as covering tax withholding on vested equity awards; the CEO’s sales were made under a pre-arranged trading plan. This may draw attention, though the stated reasons make it a limited indicator of their view on NCNO. Article: Insider Selling: nCino SVP Sells 905 Shares

Institutional Investors Weigh In On nCino

Institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in nCino by 9.1% in the first quarter. Janney Montgomery Scott LLC now owns 12,467 shares of the company’s stock worth $187,000 after purchasing an additional 1,039 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of nCino by 4.4% during the first quarter. Kornitzer Capital Management Inc. KS now owns 25,915 shares of the company’s stock valued at $388,000 after purchasing an additional 1,087 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of nCino by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,973 shares of the company’s stock worth $359,000 after acquiring an additional 1,870 shares during the period. IFP Advisors Inc boosted its stake in shares of nCino by 7,370.4% during the 2nd quarter. IFP Advisors Inc now owns 2,017 shares of the company’s stock worth $33,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in shares of nCino by 6.0% in the third quarter. Angeles Wealth Management LLC now owns 36,010 shares of the company’s stock valued at $653,000 after buying an additional 2,052 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Company Profile

nCino, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help institutions modernize banking operations, improve customer experiences and manage lending and deposit-related processes through a centralized, cloud-based environment.

The company’s products support commercial, small-business and consumer lending; account opening and onboarding; deposit account management; loan origination and servicing; portfolio management; and related reporting and workflow automation.