nCino, Inc. (NASDAQ:NCNO) CRO Sells $2,813,600.00 in Stock

nCino, Inc. (NASDAQ:NCNO) CRO Joshua L. Glover sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $70.34, for a total value of $2,813,600.00. Following the sale, the executive now directly owns 70,841 shares in the company, valued at approximately $4,982,955.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:NCNO opened at $68.34 on Thursday. The firm’s fifty day moving average price is $78.15. nCino, Inc. has a 12-month low of $65.32 and a 12-month high of $103.95.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, December 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The firm had revenue of $54.23 million for the quarter, compared to analyst estimates of $49.52 million. Equities research analysts anticipate that nCino, Inc. will post -0.54 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in nCino during the 4th quarter valued at $108,000. Virtu Financial LLC acquired a new stake in nCino during the 3rd quarter valued at $391,000. Pentwater Capital Management LP acquired a new stake in nCino during the 3rd quarter valued at $1,036,000. Azora Capital LP acquired a new stake in nCino during the 3rd quarter valued at $6,306,000. Finally, Sei Investments Co. acquired a new stake in nCino during the 3rd quarter valued at $632,000. 13.37% of the stock is currently owned by institutional investors.

Several research firms have issued reports on NCNO. ValuEngine cut nCino from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Zacks Investment Research cut nCino from a “buy” rating to a “hold” rating in a report on Thursday, November 5th. Finally, Piper Sandler upped their price target on nCino from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, December 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.50.

nCino Company Profile

nCino, Inc, a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions.

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