nCino, Inc. (NASDAQ:NCNO) Insider Sells $81,276.42 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) insider Sean Desmond sold 2,362 shares of nCino stock in a transaction on Monday, April 8th. The shares were sold at an average price of $34.41, for a total value of $81,276.42. Following the completion of the sale, the insider now directly owns 366,407 shares of the company's stock, valued at approximately $12,608,064.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

nCino Stock Down 5.0 %

Shares of NASDAQ NCNO traded down $1.77 during midday trading on Wednesday, reaching $33.36. 1,692,569 shares of the company's stock were exchanged, compared to its average volume of 914,125. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. nCino, Inc. has a 52-week low of $21.26 and a 52-week high of $37.48. The business's fifty day moving average price is $31.24 and its two-hundred day moving average price is $30.92. The stock has a market capitalization of $3.81 billion, a PE ratio of -87.79, a price-to-earnings-growth ratio of 28.76 and a beta of 0.49.

Institutional Investors Weigh In On nCino

Several hedge funds and other institutional investors have recently bought and sold shares of NCNO. Kayne Anderson Rudnick Investment Management LLC grew its holdings in nCino by 32.8% during 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 position in shares of nCino by 19.5% during the third 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. grew its stake in nCino by 0.6% in the second 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 in the last quarter. Wasatch Advisors LP increased its holdings in nCino by 18.9% in the fourth quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company's stock valued at $75,777,000 after buying an additional 358,766 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in nCino by 0.7% during the first quarter. JPMorgan Chase & Co. now owns 2,211,199 shares of the company's stock valued at $54,793,000 after buying an additional 15,779 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.

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