nCino (NCNO) said Monday its board approved a share repurchase program allowing the company to buy back up to $100 million of its common stock.
The company may repurchase shares through open market purchases, block trades, privately negotiated transactions, accelerated stock repurchase transactions, or other methods.
NCino said it expects to fund the repurchases using existing cash and cash equivalents, credit facility capacity and/or future cash flows.
Shares of NCino were up more than 3% in recent trading.
Price: 24.19, Change: +0.80, Percent Change: +3.42
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