nCino, Inc. (NASDAQ:NCNO) Insider Sells $1,395,800.00 in Stock

nCino, Inc. (NASDAQ:NCNO) insider Joshua L. Glover sold 20,000 shares of the stock in a transaction dated Monday, October 11th. The stock was sold at an average price of $69.79, for a total transaction of $1,395,800.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Joshua L. Glover also recently made the following trade(s):

  • On Tuesday, August 3rd, Joshua L. Glover sold 5,690 shares of nCino stock. The stock was sold at an average price of $63.33, for a total transaction of $360,347.70.

NASDAQ:NCNO traded up $3.48 on Wednesday, hitting $74.53. The stock had a trading volume of 402,835 shares, compared to its average volume of 949,063. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $7.17 billion, a P/E ratio of -142.57 and a beta of 1.88. nCino, Inc. has a 1 year low of $48.00 and a 1 year high of $90.22. The firm’s fifty day simple moving average is $68.60 and its two-hundred day simple moving average is $65.22.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Tuesday, August 31st. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $66.50 million during the quarter, compared to analyst estimates of $63.72 million. nCino had a negative net margin of 21.39% and a negative return on equity of 8.95%. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. Equities research analysts predict that nCino, Inc. will post -0.54 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in nCino by 9.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,202,610 shares of the company’s stock valued at $791,100,000 after buying an additional 1,125,981 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of nCino by 3.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,700,574 shares of the company’s stock worth $281,658,000 after purchasing an additional 142,701 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of nCino by 16.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,210,780 shares of the company’s stock worth $252,309,000 after purchasing an additional 579,251 shares during the last quarter. BlackRock Inc. increased its stake in shares of nCino by 99.8% during the 2nd quarter. BlackRock Inc. now owns 3,260,866 shares of the company’s stock worth $195,391,000 after purchasing an additional 1,628,407 shares during the last quarter. Finally, HMI Capital Management L.P. purchased a new stake in shares of nCino during the 1st quarter worth approximately $159,212,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

A number of research firms have recently issued reports on NCNO. Barclays increased their price objective on shares of nCino from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 2nd. Piper Sandler raised their price target on shares of nCino from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, September 2nd. Zacks Investment Research raised shares of nCino from a “sell” rating to a “hold” rating in a research report on Wednesday, August 4th. William Blair started coverage on shares of nCino in a research report on Friday, July 16th. They issued an “outperform” rating and a $63.63 price target on the stock. Finally, Needham & Company LLC raised their price target on shares of nCino from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $79.40.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.

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

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