nCino (NASDAQ:NCNO) SVP Jeanette Sellers Sells 3,695 Shares

Key Points

• Jeanette Sellers, nCino's SVP, sold 3,695 shares on May 5 at an average price of $18.04 for about $66,658 under a pre‑arranged Rule 10b5‑1 plan, reducing her holdings to 50,876 shares (a 6.77% decrease).
• nCino beat Quarterly expectations with $0.37 EPS versus $0.21 consensus and $149.67M revenue (up 5.9% YoY); the stock traded up ~1.9% to $17.78 and sits in a 52‑week range of $13.80–$33.92.
• Analysts have lowered some price targets but the consensus is a Moderate Buy with an average target of $26.07, and institutional investors own about 94.76% of the company with several funds recently increasing positions.

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 3,695 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $18.04, for a total value of $66,657.80. Following the transaction, the senior vice president directly owned 50,876 shares in the company, valued at $917,803.04. This trade represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Jeanette Sellers sold 1,486 shares of nCino stock. The shares were sold at an average price of $18.02, for a total value of $26,777.72.
• On Tuesday, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The shares were sold at an average price of $17.55, for a total value of $32,871.15.
• On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The shares were sold at an average price of $16.75, for a total value of $12,311.25.

nCino Stock Up 1.9%

NCNO stock traded up $0.34 during midday trading on Thursday, hitting $17.78. The stock had a trading volume of 1,948,809 shares, compared to its average volume of 2,646,973. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 355.60 and a beta of 0.72. The business has a 50-day moving average of $16.55 and a two-hundred day moving average of $21.17. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $33.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million for the quarter, compared to analysts' expectations of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, equities research analysts forecast that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCNO has been the topic of several analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a report on Thursday, January 22nd. Stephens dropped their target price on nCino from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, April 1st. Morgan Stanley dropped their target price on nCino from $36.00 to $21.00 and set an "overweight" rating on the stock in a report on Monday, March 30th. Truist Financial dropped their target price on nCino from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. lowered their price target on nCino from $30.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NCNO. Millennium Management LLC lifted its holdings in nCino by 16.6% in the first quarter. Millennium Management LLC now owns 303,853 shares of the company's stock valued at $8,347,000 after acquiring an additional 43,247 shares during the period. Woodline Partners LP lifted its holdings in nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company's stock valued at $363,000 after acquiring an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in nCino by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company's stock valued at $7,731,000 after acquiring an additional 39,345 shares during the period. Prudential Financial Inc. bought a new position in nCino in the second quarter valued at about $208,000. Finally, Marshall Wace LLP purchased a new stake in nCino in the second quarter worth about $4,163,000. Institutional investors own 94.76% of the company's stock.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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