nCino, Inc. (NASDAQ:NCNO) CFO Sells $237,889.00 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) CFO Gregory Orenstein sold 10,343 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $23.00, for a total value of $237,889.00. Following the completion of the transaction, the chief financial officer now directly owns 470,254 shares of the company's stock, valued at $10,815,842. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Gregory Orenstein also recently made the following trade(s):

• On Tuesday, April 8th, Gregory Orenstein sold 2,356 shares of nCino stock. The stock was sold at an average price of $22.31, for a total transaction of $52,562.36.
• On Wednesday, April 2nd, Gregory Orenstein sold 12,101 shares of nCino stock. The shares were sold at an average price of $20.86, for a total value of $252,426.86.
• On Tuesday, February 4th, Gregory Orenstein sold 5,148 shares of nCino stock. The stock was sold at an average price of $32.60, for a total value of $167,824.80.

nCino Stock Up 4.1 %

NASDAQ:NCNO traded up $0.94 during midday trading on Thursday, reaching $23.77. The company had a trading volume of 2,517,884 shares, compared to its average volume of 1,422,391. The stock's fifty day simple moving average is $25.67 and its 200-day simple moving average is $32.43. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -139.80, a PEG ratio of 5.77 and a beta of 0.71.

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

nCino declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on NCNO shares. UBS Group set a $40.00 target price on nCino in a research note on Friday, March 28th. Scotiabank reaffirmed a "sector perform" rating and set a $19.00 price objective (down from $35.00) on shares of nCino in a report on Wednesday, April 2nd. William Blair cut shares of nCino from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Truist Financial lowered shares of nCino from a "buy" rating to a "hold" rating and decreased their price target for the company from $44.00 to $21.00 in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of nCino from $40.00 to $28.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, nCino presently has a consensus rating of "Hold" and an average price target of $30.40.

Institutional Trading of nCino

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCNO. Fifth Third Bancorp acquired a new stake in nCino during the 4th quarter worth $34,000. Hilltop National Bank acquired a new stake in shares of nCino during the fourth quarter worth about $37,000. Johnson Financial Group Inc. acquired a new stake in shares of nCino in the 4th quarter valued at about $57,000. Asset Management One Co. Ltd. grew its stake in nCino by 16.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after buying an additional 323 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in nCino by 22.5% in the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after buying an additional 538 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

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.