nCino (NASDAQ:NCNO) SVP Sells $32,871.15 in Stock

Key Points

• nCino SVP Jeanette Sellers sold 1,873 shares on April 14 at an average price of $17.55 for $32,871.15, leaving her with 40,611 shares (a 4.41% reduction) after also selling shares on April 2, Feb 4 and Feb 3.
• nCino beat quarterly expectations with EPS of $0.37 vs. $0.21 and revenue of $149.67 million (up 5.9% year-over-year), though net margin remained slim at 0.87%.
• The stock trades near $18.28 with a $2.09 billion market cap and a high P/E (~365.6); analysts give an average rating of Moderate Buy with an average target of $26.07, despite recent price-target cuts by several firms.

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 1,873 shares of the company's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $17.55, for a total value of $32,871.15. Following the sale, the senior vice president owned 40,611 shares of the company's stock, valued at approximately $712,723.05. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The stock was sold at an average price of $16.75, for a total value of $12,311.25.
• On Wednesday, February 4th, Jeanette Sellers sold 2,182 shares of nCino stock. The stock was sold at an average price of $18.26, for a total value of $39,843.32.
• On Tuesday, February 3rd, Jeanette Sellers sold 1,330 shares of nCino stock. The stock was sold at an average price of $18.68, for a total value of $24,844.40.

nCino Stock Performance

Shares of NASDAQ NCNO traded up $0.20 during trading hours on Thursday, hitting $18.28. 3,447,507 shares of the company's stock were exchanged, compared to its average volume of 2,641,045. nCino Inc. has a 1-year low of $13.80 and a 1-year 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. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 365.60, a PEG ratio of 2.63 and a beta of 0.61. The company's 50-day moving average price is $16.27 and its 200-day moving average price is $21.92.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data 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. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business had revenue of $149.67 million during the quarter, compared to analysts' expectations of $147.41 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On nCino

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company's stock valued at $26,000 after purchasing an additional 617 shares during the period. CWM LLC grew its stake in shares of nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after purchasing an additional 821 shares during the period. AlphaQuest LLC grew its stake in shares of nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company's stock valued at $37,000 after purchasing an additional 1,356 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of nCino in the 4th quarter valued at approximately $38,000. Finally, Quarry LP grew its stake in shares of nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock valued at $46,000 after purchasing an additional 987 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NCNO shares. Keefe, Bruyette & Woods cut their price objective on nCino from $36.00 to $24.00 and set an "outperform" rating for the company in a research report on Wednesday, April 1st. Robert W. Baird cut their price objective on nCino from $34.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of nCino in a report on Thursday, January 22nd. Stephens cut their price target on nCino from $34.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. cut their price target on nCino from $30.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, nCino has an average rating of "Moderate Buy" and an average target price of $26.07.

About nCino

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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