19,252 Shares in nCino, Inc. (NASDAQ:NCNO) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP purchased a new stake in nCino, Inc. (NASDAQ:NCNO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,252 shares of the company's stock, valued at approximately $646,000.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its position in shares of nCino by 22.2% in the third quarter. Barclays PLC now owns 73,014 shares of the company's stock valued at $2,306,000 after acquiring an additional 13,252 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of nCino in the third quarter valued at $189,000. Synovus Financial Corp purchased a new stake in shares of nCino in the third quarter valued at $656,000. Franklin Resources Inc. lifted its position in shares of nCino by 46.0% in the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company's stock valued at $38,327,000 after acquiring an additional 344,269 shares in the last quarter. Finally, Kings Path Partners LLC purchased a new stake in shares of nCino in the fourth quarter valued at $336,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sean Desmond sold 2,301 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $22.31, for a total transaction of $51,335.31. Following the transaction, the chief executive officer now owns 296,296 shares of the company's stock, valued at approximately $6,610,363.76. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory Orenstein sold 2,356 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $22.31, for a total value of $52,562.36. Following the transaction, the chief financial officer now directly owns 329,735 shares in the company, valued at $7,356,387.85. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,012 shares of company stock valued at $2,694,676 in the last ninety days. 28.40% of the stock is currently owned by company insiders.

nCino Stock Down 1.3 %

Shares of NASDAQ:NCNO traded down $0.29 during midday trading on Thursday, hitting $22.91. 330,477 shares of the company's stock were exchanged, compared to its average volume of 1,789,174. nCino, Inc. has a 12 month low of $18.75 and a 12 month high of $43.20. The company has a market cap of $2.67 billion, a PE ratio of -134.76, a price-to-earnings-growth ratio of 5.77 and a beta of 0.69. The stock has a 50 day moving average price of $26.53 and a 200-day moving average price of $32.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). The business had revenue of $141.37 million for the quarter, compared to analysts' expectations of $140.81 million. nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, sell-side analysts anticipate that nCino, Inc. will post 0.12 EPS for the current fiscal year.

nCino announced that its board has approved a stock buyback program on Tuesday, April 1st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group lowered nCino from a "buy" rating to a "neutral" rating and dropped their target price for the company from $42.00 to $24.00 in a research note on Wednesday, April 2nd. Bank of America upped their price target on nCino from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, April 10th. Raymond James decreased their target price on nCino from $42.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Barclays decreased their target price on nCino from $44.00 to $24.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, UBS Group set a $40.00 target price on nCino in a research report on Friday, March 28th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.40.

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.