Quest Partners LLC Has $797,000 Stock Holdings in nCino, Inc. (NASDAQ:NCNO)

Quest Partners LLC increased its position in nCino, Inc. (NASDAQ:NCNO) by 30.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,231 shares of the company’s stock after buying an additional 5,879 shares during the quarter. Quest Partners LLC’s holdings in nCino were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NCNO. Crewe Advisors LLC bought a new stake in shares of nCino in the 2nd quarter valued at about $26,000. Asset Management One Co. Ltd. increased its position in nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of nCino by 97.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $87,000 after purchasing an additional 1,358 shares during the period. Amalgamated Bank boosted its stake in shares of nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock valued at $163,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of nCino by 145.6% during the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after buying an additional 2,677 shares during the period. Institutional investors own 94.76% of the company’s stock.

Insider Activity

In other nCino news, Director William J. Ruh sold 10,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now owns 226,201 shares of the company’s stock, valued at $8,482,537.50. The trade was a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gregory Orenstein sold 3,885 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $35.05, for a total value of $136,169.25. Following the completion of the transaction, the chief financial officer now directly owns 276,892 shares of the company’s stock, valued at $9,705,064.60. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,235,582 shares of company stock valued at $117,618,559 over the last quarter. Company insiders own 28.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stephens restated an “equal weight” rating and issued a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, August 28th. Macquarie restated an “outperform” rating and set a $40.00 price target on shares of nCino in a report on Wednesday, October 23rd. JMP Securities restated a “market outperform” rating and set a $43.00 price objective on shares of nCino in a report on Wednesday, August 28th. Finally, Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

nCino Price Performance

Shares of NASDAQ NCNO opened at $40.45 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $32.89. nCino, Inc. has a 1-year low of $27.47 and a 1-year high of $43.20. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of -149.81, a price-to-earnings-growth ratio of 33.21 and a beta of 0.55.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $132.40 million during 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 firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Analysts anticipate that nCino, Inc. will post 0.05 earnings per share for the current year.

nCino 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.