Pamela Kilday Sells 1,000 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Pamela Kilday sold 1,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.48, for a total value of $36,480.00. Following the completion of the transaction, the director now directly owns 20,930 shares in the company, valued at approximately $763,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

nCino Stock Down 1.8 %

NCNO stock opened at $34.73 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $30.99 and a two-hundred day moving average price of $30.84. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -91.39, a P/E/G ratio of 55.11 and a beta of 0.48. nCino, Inc. has a twelve month low of $21.26 and a twelve month high of $37.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NCNO. Raymond James Financial Services Advisors Inc. lifted its position in shares of nCino by 36.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,277 shares of the company’s stock valued at $257,000 after buying an additional 1,672 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of nCino in the first quarter valued at approximately $149,000. Blair William & Co. IL acquired a new stake in shares of nCino in the first quarter valued at approximately $1,064,000. Canada Pension Plan Investment Board lifted its position in shares of nCino by 682.8% in the first quarter. Canada Pension Plan Investment Board now owns 6,936 shares of the company’s stock valued at $284,000 after buying an additional 6,050 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of nCino by 11.0% in the first quarter. Vanguard Group Inc. now owns 5,691,682 shares of the company’s stock valued at $233,246,000 after buying an additional 564,654 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NCNO has been the topic of several analyst reports. Morgan Stanley increased their target price on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Needham & Company LLC increased their target price on nCino from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Piper Sandler reissued an “overweight” rating and issued a $42.00 target price on shares of nCino in a research note on Wednesday, March 27th. Finally, Robert W. Baird increased their target price on nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.