Jeff Horing Sells 133,487 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 133,487 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $31.51, for a total value of $4,206,175.37. Following the transaction, the director now owns 24,879,980 shares of the company’s stock, valued at $783,968,169.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jeff Horing also recently made the following trade(s):

• On Wednesday, June 12th, Jeff Horing sold 1,871,828 shares of nCino stock. The stock was sold at an average price of $31.51, for a total value of $58,981,300.28.

nCino Trading Down 0.7 %

NCNO stock opened at $31.26 on Friday. nCino, Inc. has a one year low of $27.13 and a one year high of $37.48. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -100.84, a price-to-earnings-growth ratio of 17.18 and a beta of 0.59. The company has a fifty day moving average price of $30.90 and a two-hundred day moving average price of $31.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07.

nCino (NASDAQ:NCNO) last announced its earnings results on Wednesday, May 29th. The company reported $0.05 EPS for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. 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 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $38.00 price objective on shares of nCino in a research report on Monday. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of nCino in a research report on Thursday, May 30th. Robert W. Baird decreased their price objective on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Morgan Stanley upped their target price on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods began coverage on nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.64.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Capital International Investors acquired a new position in shares of nCino in the first quarter valued at about $60,703,000. Norges Bank bought a new stake in nCino in the 4th quarter valued at about $25,336,000. Clearbridge Investments LLC grew its position in shares of nCino by 96.1% during the 4th quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock worth $36,076,000 after purchasing an additional 525,605 shares in the last quarter. Norden Group LLC grew its position in shares of nCino by 2,388.5% during the 1st quarter. Norden Group LLC now owns 454,665 shares of the company’s stock worth $16,995,000 after purchasing an additional 436,394 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of nCino by 83.7% in the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock valued at $34,576,000 after buying an additional 421,500 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

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.