nCino, Inc. (NASDAQ:NCNO - Get Free Report) VP Jeanette Sellers sold 2,501 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $21.51, for a total transaction of $53,796.51. Following the sale, the vice president now directly owns 19,099 shares of the company's stock, valued at approximately $410,819.49. This represents a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Jeanette Sellers also recently made the following trade(s):
- On Wednesday, April 2nd, Jeanette Sellers sold 1,002 shares of nCino stock. The stock was sold at an average price of $20.86, for a total transaction of $20,901.72.
- 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 nCino stock opened at $22.05 on Wednesday. The firm has a market cap of $2.57 billion, a PE ratio of -129.70, a PEG ratio of 5.77 and a beta of 0.69. The stock has a 50 day moving average of $29.84 and a 200 day moving average of $33.83. 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 $18.75 and a 12 month high of $43.20.
nCino (NASDAQ:NCNO - Get Free Report) last posted its earnings results on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The firm had revenue of $141.37 million for the quarter, compared to the consensus estimate of $140.81 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm's revenue was up 14.3% compared to the same quarter last year. On average, research analysts expect that nCino, Inc. will post 0.12 EPS for the current fiscal year.
nCino declared that its Board of Directors has approved a share repurchase program on Tuesday, April 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on NCNO shares. William Blair lowered nCino from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. The Goldman Sachs Group downgraded nCino from a "buy" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $24.00 in a research note on Wednesday, April 2nd. Morgan Stanley decreased their target price on shares of nCino from $39.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC dropped their price target on shares of nCino from $45.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, KeyCorp reissued a "sector weight" rating on shares of nCino in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, nCino currently has a consensus rating of "Hold" and a consensus price target of $30.33.
Check Out Our Latest Research Report on nCino
Institutional Trading of nCino
A number of large investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of nCino by 46.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company's stock valued at $38,327,000 after acquiring an additional 344,269 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of nCino in the 3rd quarter valued at approximately $594,000. Bullseye Asset Management LLC boosted its holdings in shares of nCino by 58.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 140,878 shares of the company's stock worth $4,451,000 after purchasing an additional 52,000 shares during the period. Conestoga Capital Advisors LLC bought a new position in shares of nCino during the 4th quarter valued at approximately $70,256,000. Finally, FMR LLC raised its holdings in nCino by 2.4% during the 3rd quarter. FMR LLC now owns 1,237,227 shares of the company's stock valued at $39,084,000 after buying an additional 29,501 shares during the period. 94.76% of the stock is currently owned by institutional investors.
nCino Company Profile
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Get Free Report)
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.
Further Reading
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