nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 5,000 shares of the stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $63.03, for a total value of $315,150.00. Following the completion of the sale, the director now owns 10,000 shares of the company's stock, valued at $630,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:NCNO traded down $1.32 during midday trading on Tuesday, hitting $63.94. The stock had a trading volume of 684,283 shares, compared to its average volume of 1,112,635. The firm has a market capitalization of $6.10 billion and a P/E ratio of -116.25. nCino, Inc. has a 12 month low of $48.00 and a 12 month high of $103.95. The business has a 50-day moving average of $61.99. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04.
nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, June 1st. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. nCino had a negative net margin of 23.72% and a negative return on equity of 9.82%. The company had revenue of $62.36 million during the quarter, compared to the consensus estimate of $59.36 million. During the same quarter last year, the firm posted ($0.04) EPS. The company's quarterly revenue was up 39.5% on a year-over-year basis. On average, research analysts predict that nCino, Inc. will post -0.53 EPS for the current year.
A number of analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on nCino in a research note on Wednesday, June 9th. They set an "equal weight" rating and a $70.00 target price for the company. Needham & Company LLC reduced their target price on shares of nCino from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, June 3rd. They noted that the move was a valuation call. Gabelli upgraded nCino from a "hold" rating to a "buy" rating in a report on Friday, May 14th. G.Research upgraded nCino from a "hold" rating to a "buy" rating in a report on Friday, May 14th. Finally, Zacks Investment Research cut nCino from a "hold" rating to a "sell" rating in a research note on Wednesday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of "Buy" and an average target price of $84.22.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of nCino during the 1st quarter worth approximately $320,000. Slow Capital Inc. bought a new position in nCino during the first quarter worth $1,146,000. Baker Tilly Wealth Management LLC increased its holdings in shares of nCino by 27.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 8,386 shares of the company's stock valued at $560,000 after purchasing an additional 1,804 shares during the last quarter. TownSquare Capital LLC increased its holdings in shares of nCino by 15.8% in the first quarter. TownSquare Capital LLC now owns 49,893 shares of the company's stock valued at $3,329,000 after purchasing an additional 6,822 shares during the last quarter. Finally, Untitled Investments LP bought a new position in shares of nCino in the first quarter valued at about $5,468,000. 88.22% of the stock is owned by institutional investors.
nCino Company Profile
nCino, Inc, a software-as-a-service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.
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