nCino, Inc. (NASDAQ:NCNO) VP Sells $15,256.80 in Stock

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 468 shares of nCino stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $15,256.80. Following the completion of the sale, the vice president now owns 22,602 shares of the company’s stock, valued at $736,825.20. This represents a 2.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 11th, Jeanette Sellers sold 250 shares of nCino stock. The stock was sold at an average price of $36.73, for a total transaction of $9,182.50.

nCino Stock Down 0.0 %

NCNO opened at $32.44 on Friday. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The firm has a market capitalization of $3.76 billion, a P/E ratio of -190.81, a PEG ratio of 13.00 and a beta of 0.65. The company’s 50-day moving average is $34.64 and its 200 day moving average is $34.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research report on Monday, January 6th. UBS Group started coverage on nCino in a report on Monday, December 16th. They issued a “buy” rating and a $44.00 price target on the stock. Needham & Company LLC boosted their price objective on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Finally, Morgan Stanley reduced their price target on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.50.

Hedge Funds Weigh In On nCino

Several hedge funds have recently modified their holdings of the company. Long Path Partners LP grew its holdings in shares of nCino by 43.7% in the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after acquiring an additional 1,131,271 shares in the last quarter. ShawSpring Partners LLC boosted its position in nCino by 115.9% in the third quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock worth $83,830,000 after purchasing an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in nCino by 65.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after purchasing an additional 828,124 shares during the period. Conestoga Capital Advisors LLC purchased a new stake in shares of nCino during the 4th quarter valued at $70,256,000. Finally, Brown Brothers Harriman & Co. raised its stake in shares of nCino by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock worth $65,261,000 after purchasing an additional 736,627 shares during the period. Institutional investors own 94.76% of the company’s stock.

About nCino

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.