nCino, Inc. (NASDAQ:NCNO) Director Sells $172,550.00 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director William J. Ruh sold 5,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $34.51, for a total value of $172,550.00. Following the completion of the sale, the director now owns 251,201 shares of the company's stock, valued at approximately $8,668,946.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

nCino Stock Performance

Shares of NCNO traded up $0.45 during mid-day trading on Tuesday, hitting $35.13. The stock had a trading volume of 1,983,012 shares, compared to its average volume of 902,677. The company has a market cap of $4.01 billion, a PE ratio of -92.45, a PEG ratio of 28.37 and a beta of 0.48. The company's fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $30.92. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. nCino, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $37.48.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NCNO. Keefe, Bruyette & Woods began coverage on nCino in a research note on Tuesday. They issued an "outperform" rating and a $41.00 target price for the company. William Blair reiterated an "outperform" rating on shares of nCino in a research note on Wednesday, March 27th. Robert W. Baird raised their price objective on nCino from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, March 27th. Morgan Stanley raised their price objective on nCino from $27.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 27th. Finally, Piper Sandler restated an "overweight" rating and set a $42.00 price objective on shares of nCino in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.91.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of nCino by 32.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,324,045 shares of the company's stock worth $181,490,000 after acquiring an additional 1,808,829 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of nCino by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,996,554 shares of the company's stock worth $238,653,000 after purchasing an additional 1,143,370 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of nCino by 0.6% in the 2nd quarter. BlackRock Inc. now owns 3,266,239 shares of the company's stock worth $98,379,000 after purchasing an additional 18,536 shares during the last quarter. Wasatch Advisors LP raised its stake in nCino by 18.9% during the 4th quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company's stock valued at $75,777,000 after acquiring an additional 358,766 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in nCino by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,211,199 shares of the company's stock valued at $54,793,000 after acquiring an additional 15,779 shares in the last quarter. Institutional investors and hedge funds 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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.