nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers Sells 468 Shares

nCino, Inc. (NASDAQ:NCNO) VP Jeanette Sellers sold 468 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $15,256.80. Following the completion of the transaction, the vice president now directly owns 22,602 shares of the company’s stock, valued at approximately $736,825.20. This trade 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 shares were sold at an average price of $36.73, for a total value of $9,182.50.

nCino Stock Performance

NASDAQ:NCNO opened at $32.45 on Friday. The company has a 50 day simple moving average of $34.84 and a two-hundred day simple moving average of $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. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of nCino during the 4th quarter worth approximately $34,000. Hilltop National Bank bought a new position in shares of nCino during the 4th quarter worth approximately $37,000. Asset Management One Co. Ltd. boosted its holdings in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after buying an additional 341 shares in the last quarter. West Tower Group LLC bought a new position in shares of nCino in the 3rd quarter worth $126,000. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of nCino in the 3rd quarter worth $152,000. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Macquarie boosted their price target on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stephens lifted their target price on nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC lifted their target price on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Scotiabank lifted their target price on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, William Blair reiterated an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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 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.