nCino, Inc. (NASDAQ:NCNO) CFO Sells $156,519.30 in Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,110 shares of nCino stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total value of $156,519.30. Following the completion of the transaction, the chief financial officer now owns 290,136 shares in the company, valued at approximately $8,886,865.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gregory Orenstein also recently made the following trade(s):

• On Monday, April 8th, Gregory Orenstein sold 2,410 shares of nCino stock. The shares were sold at an average price of $34.41, for a total value of $82,928.10.

nCino Trading Up 2.2 %

Shares of NASDAQ NCNO traded up $0.67 during mid-day trading on Monday, hitting $30.87. The stock had a trading volume of 800,864 shares, compared to its average volume of 942,749. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. nCino, Inc. has a 1 year low of $21.32 and a 1 year high of $37.48. The business has a 50 day moving average price of $31.14 and a two-hundred day moving average price of $30.99. The firm has a market cap of $3.53 billion, a P/E ratio of -81.32, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The firm had revenue of $123.69 million during the quarter, compared to analyst estimates of $124.58 million. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. On average, equities analysts anticipate that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NCNO. Needham & Company LLC increased their target price on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Piper Sandler reissued an “overweight” rating and set a $42.00 target price on shares of nCino in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on shares of nCino in a research note on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price on the stock. Robert W. Baird increased their target price on shares of nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Finally, Morgan Stanley increased their target price on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, nCino has an average rating of “Moderate Buy” and an average price target of $35.91.

Hedge Funds Weigh In On nCino

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCNO. Norges Bank purchased a new stake in nCino during the fourth quarter valued at $25,336,000. Clearbridge Investments LLC purchased a new position in nCino in the third quarter worth about $17,398,000. Norden Group LLC raised its position in nCino by 2,388.5% during the first quarter. Norden Group LLC now owns 454,665 shares of the company’s stock valued at $16,995,000 after purchasing an additional 436,394 shares during the period. Wasatch Advisors LP lifted its stake in shares of nCino by 18.9% in the 4th quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company’s stock valued at $75,777,000 after purchasing an additional 358,766 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of nCino by 20.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock worth $34,807,000 after purchasing an additional 177,799 shares during the period. 94.76% of the stock is owned by institutional investors.

nCino Company Profile

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 connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.