Robeco Institutional Asset Management B.V. Buys 160,000 Shares of nCino, Inc. (NASDAQ:NCNO)

Robeco Institutional Asset Management B.V. increased its stake in nCino, Inc. (NASDAQ:NCNO) by 71.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 385,000 shares of the company’s stock after purchasing an additional 160,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.33% of nCino worth $12,162,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Bamco Inc. NY boosted its position in nCino by 83.7% during the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after purchasing an additional 421,500 shares during the period. Simplicity Wealth LLC purchased a new position in nCino in the 2nd quarter valued at approximately $3,530,000. Clearbridge Investments LLC raised its holdings in nCino by 14.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,230,194 shares of the company’s stock valued at $45,985,000 after acquiring an additional 157,470 shares during the period. Select Equity Group L.P. lifted its position in shares of nCino by 182.0% during the second quarter. Select Equity Group L.P. now owns 25,436 shares of the company’s stock worth $800,000 after acquiring an additional 16,416 shares in the last quarter. Finally, Motley Fool Asset Management LLC bought a new position in shares of nCino in the first quarter worth $1,175,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insider Transactions at nCino

In related news, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now owns 276,892 shares of the company’s stock, valued at approximately $9,705,064.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Gregory Orenstein sold 3,885 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at $9,705,064.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Horing sold 1,833,975 shares of nCino stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50. Following the completion of the transaction, the director now directly owns 12,513,467 shares in the company, valued at $458,243,161.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,035,584 shares of company stock worth $144,146,625. 28.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NCNO. Macquarie reiterated an “outperform” rating and set a $40.00 price objective on shares of nCino in a research note on Wednesday, October 23rd. Needham & Company LLC lowered their price target on shares of nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Truist Financial reaffirmed a “buy” rating and set a $44.00 target price (up previously from $37.00) on shares of nCino in a report on Monday, October 21st. Raymond James raised shares of nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Tuesday, September 3rd. Finally, Stephens restated an “equal weight” rating and set a $35.00 price target on shares of nCino in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

nCino Stock Up 4.6 %

NCNO opened at $41.99 on Friday. The business’s fifty day simple moving average is $33.20 and its 200 day simple moving average is $32.12. nCino, Inc. has a 52 week low of $27.47 and a 52 week high of $42.07. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.85 billion, a PE ratio of -155.51, a P/E/G ratio of 30.53 and a beta of 0.55.

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

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.