KeyBanc says the CEO change at nCino (NCNO) is a bit surprising and abrupt. The firm expects the news to be poorly received initially with the turnover creating “further risk to an already scrutinized bookings engine,” the analyst tells investors in a research note. The firm keeps a Sector Weight rating on the shares, which are down 4% to $32.74 in midday trading.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio