Mirador Capital Partners LP Trims Stake in nCino, Inc. (NASDAQ:NCNO)

Mirador Capital Partners LP cut its stake in nCino, Inc. (NASDAQ:NCNO) by 42.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,793 shares of the company’s stock after selling 5,700 shares during the period. Mirador Capital Partners LP’s holdings in nCino were worth $291,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First Bank & Trust lifted its position in nCino by 4.1% during the 4th quarter. First Bank & Trust now owns 9,970 shares of the company’s stock valued at $335,000 after acquiring an additional 395 shares during the period. Parkwood LLC increased its stake in shares of nCino by 6.7% during the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after purchasing an additional 655 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of nCino by 9.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company’s stock valued at $439,000 after purchasing an additional 1,087 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of nCino by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 8,209 shares of the company’s stock worth $276,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in shares of nCino by 11.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 18,023 shares of the company’s stock worth $606,000 after buying an additional 1,852 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Insight Holdings Group, Llc sold 2,498 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $31.51, for a total value of $78,711.98. Following the completion of the sale, the director now directly owns 2,025,991 shares in the company, valued at approximately $63,838,976.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Insight Holdings Group, Llc sold 2,498 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $31.51, for a total value of $78,711.98. Following the completion of the sale, the director now directly owns 2,025,991 shares of the company’s stock, valued at approximately $63,838,976.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pierre Naude sold 10,924 shares of nCino stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.41, for a total transaction of $375,894.84. Following the transaction, the chief executive officer now directly owns 1,159,395 shares in the company, valued at approximately $39,894,781.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,291,001 shares of company stock worth $72,225,056. Company insiders own 28.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NCNO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods started coverage on nCino in a research note on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price objective for the company. Stephens reissued an “equal weight” rating and set a $35.00 price objective on shares of nCino in a research report on Thursday, May 30th. Robert W. Baird decreased their target price on shares of nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Piper Sandler reiterated an “overweight” rating and set a $38.00 price target on shares of nCino in a report on Monday. Finally, Morgan Stanley boosted their price objective on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.64.

nCino Stock Down 0.6 %

NCNO stock opened at $31.25 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. nCino, Inc. has a 1 year low of $27.13 and a 1 year high of $37.48. The stock’s fifty day moving average price is $30.83 and its 200-day moving average price is $31.56.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The business had revenue of $128.09 million during the quarter, compared to the consensus estimate of $126.59 million. Equities analysts anticipate that nCino, Inc. will post 0.08 earnings per share for the current year.

About nCino

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.