What happened Shares of nCino (NASDAQ: NCNO) slumped 11.5% in October, according to data from S&P Global Market Intelligence. The stock pulled back in conjunction with a secondary public share offering early in the month, and it went lower at the end of the month's trading amid a sell-off for the broader market. ^SPX data by YCharts nCino's stock decline last month's sell-off followed a 14% dip for its share price in September. The stock is still up 147.6% from its initial public offering (IPO) price of $31 per share, but shares have lost ground over the past few months. nCino had its initial public offering in mid-July, and the the stock is now down roughly 16% from its price at market close on the day of its debut. Image source: Getty Images. So what nCino announced an offering of 5.5 million shares on Oct. 5. Two days later, the banking software company announced it was expanding its secondary offering to 6,706,944. The market appeared to have mixed sentiments about the share offering at the beginning of October, and the stock went on to post movements in conjunction with the broader market for much of the month. Many growth-dependent tech stocks saw significant sell-offs in the late-October market pullback, but nCino has also taken part in the market's subsequent rally. Now what nCino stock has bounced back amid momentum for the broader market in November. Shares are up nearly 11% this month so far. ^SPX data by YCharts For the third quarter, nCino is guiding for sales between $49 million and $50 million and a non-GAAP (adjusted) loss per share between $0.09 and $0.10. For the full-year period, management expects revenue to be between $193 million and $194 million. The fintech company's adjusted loss for year is projected to come in between $0.25 and $0.26 per share. nCino has a market capitalization of $7 billion and is valued at roughly 36 times the company's target for this year's sales. 10 stocks we like better than nCino, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and nCino, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends nCino, Inc. The Motley Fool has a disclosure policy.Source