nCino, Inc. (NASDAQ:NCNO) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 348,533 shares of the company's stock after buying an additional 43,582 shares during the period. Kennedy Capital Management LLC owned 0.30% of nCino worth $11,704,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of nCino in the 4th quarter valued at $34,000. Hilltop National Bank bought a new position in shares of nCino during the fourth quarter worth about $37,000. Asset Management One Co. Ltd. grew its position in shares of nCino by 16.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after acquiring an additional 323 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in nCino by 32.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company's stock valued at $152,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in nCino during the third quarter worth about $189,000. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino Stock Down 0.4 %

NASDAQ:NCNO traded down $0.10 during mid-day trading on Wednesday, hitting $23.92. 520,559 shares of the company's stock were exchanged, compared to its average volume of 1,367,711. nCino, Inc. has a one year low of $18.75 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The business has a fifty day moving average price of $28.73 and a 200 day moving average price of $33.53. The company has a market cap of $2.79 billion, a PE ratio of -140.70, a P/E/G ratio of 5.77 and a beta of 0.69.

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

nCino declared that its board has approved a stock buyback plan on Tuesday, April 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider April Rieger sold 7,881 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $20.86, for a total transaction of $164,397.66. Following the sale, the insider now owns 138,072 shares in the company, valued at approximately $2,880,181.92. This trade represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeanette Sellers sold 2,501 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $21.51, for a total transaction of $53,796.51. Following the completion of the transaction, the vice president now directly owns 19,099 shares in the company, valued at $410,819.49. This represents a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,012 shares of company stock valued at $2,694,676 over the last three months. 28.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

NCNO has been the topic of several analyst reports. Stephens restated an "equal weight" rating and issued a $38.00 target price on shares of nCino in a research report on Wednesday, April 2nd. UBS Group set a $40.00 price target on nCino in a research report on Friday, March 28th. Bank of America increased their target price on nCino from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, April 10th. Piper Sandler dropped their price objective on shares of nCino from $38.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Raymond James lowered their price target on nCino from $42.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.60.

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.