Insider Selling: nCino, Inc. (NASDAQ:NCNO) Director Sells 10,000 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 10,000 shares of nCino stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the completion of the transaction, the director now directly owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

nCino Stock Performance

Shares of nCino stock opened at $38.25 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. nCino, Inc. has a 52 week low of $27.27 and a 52 week high of $38.33. The firm’s 50 day moving average is $32.23 and its two-hundred day moving average is $31.66. The firm has a market capitalization of $4.42 billion, a P/E ratio of -141.66, a P/E/G ratio of 30.64 and a beta of 0.59.

nCino (NASDAQ:NCNO) last posted its earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The firm had revenue of $132.40 million for the quarter, compared to the consensus estimate of $131.06 million. During the same period last year, the firm posted ($0.02) EPS. The company’s revenue was up 13.0% on a year-over-year basis. Research analysts forecast that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Trading of nCino

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in nCino during the 2nd quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of nCino in the 1st quarter valued at $52,000. Covestor Ltd raised its position in nCino by 29.6% in the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after purchasing an additional 625 shares during the last quarter. Lazard Asset Management LLC boosted its stake in nCino by 145.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after purchasing an additional 2,677 shares during the period. Finally, Amalgamated Bank boosted its stake in nCino by 28.1% during the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock worth $163,000 after purchasing an additional 1,134 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NCNO shares. Macquarie restated an “outperform” rating and issued a $40.00 price objective on shares of nCino in a report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $43.00 price objective on shares of nCino in a research report on Wednesday, August 28th. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Wednesday, August 28th. Truist Financial reissued a “buy” rating and set a $44.00 target price (up from $37.00) on shares of nCino in a research note on Monday. Finally, The Goldman Sachs Group raised nCino from a “neutral” rating to a “buy” rating and increased their price target for the company from $34.00 to $42.00 in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.82.

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.