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


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

NASDAQ:NCNO opened at $68.34 on Thursday. nCino, Inc. has a 12-month low of $65.32 and a 12-month high of $103.95. The business has a 50-day simple moving average of $78.15.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, December 8th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The firm had revenue of $54.23 million for the quarter, compared to the consensus estimate of $49.52 million. Analysts expect that nCino, Inc. will post -0.54 EPS for the current fiscal year.

A number of brokerages have recently commented on NCNO. Piper Sandler upped their price objective on shares of nCino from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, December 10th. Zacks Investment Research lowered shares of nCino from a “buy” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, ValuEngine lowered shares of nCino from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $91.50.

Institutional investors have recently modified their holdings of the business. Emerald Advisers LLC bought a new stake in nCino during the third quarter worth about $56,000. Parallel Advisors LLC bought a new stake in nCino during the third quarter worth about $90,000. State of Alaska Department of Revenue bought a new stake in nCino during the fourth quarter worth about $108,000. Focused Wealth Management Inc bought a new stake in nCino during the third quarter worth about $131,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in nCino during the third quarter worth about $131,000. 13.37% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for nCino (NASDAQ:NCNO)

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