S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
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S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
pixel
S&P 500   4,471.37
DOW   35,294.76
QQQ   368.94
pixel
pixel
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nCino, Inc. (NASDAQ:NCNO) Director Sells $1,550,000.00 in Stock

Last updated on Monday, September 20, 2021 | 2021 MarketBeat

nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 20,000 shares of the stock in a transaction on Thursday, September 16th. The stock was sold at an average price of $77.50, for a total value of $1,550,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of nCino stock traded down $1.90 during trading hours on Monday, hitting $75.45. 546,200 shares of the company's stock traded hands, compared to its average volume of 991,158. The stock has a 50 day simple moving average of $65.89 and a 200-day simple moving average of $64.53. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.04. The company has a market cap of $7.26 billion, a PE ratio of -144.84 and a beta of 1.88. nCino, Inc. has a twelve month low of $48.00 and a twelve month high of $90.22.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 31st. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $66.50 million during the quarter, compared to the consensus estimate of $63.72 million. nCino had a negative return on equity of 8.95% and a negative net margin of 21.39%. The firm's quarterly revenue was up 36.3% compared to the same quarter last year. As a group, equities research analysts predict that nCino, Inc. will post -0.54 EPS for the current year.

A number of brokerages have weighed in on NCNO. William Blair began coverage on nCino in a research note on Friday, July 16th. They set an "outperform" rating and a $63.63 price target on the stock. Needham & Company LLC increased their target price on nCino from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, September 2nd. Zacks Investment Research raised nCino from a "sell" rating to a "hold" rating in a research report on Wednesday, August 4th. Wells Fargo & Company began coverage on nCino in a research report on Wednesday, June 9th. They issued an "equal weight" rating and a $70.00 target price on the stock. Finally, Barclays increased their target price on nCino from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, nCino currently has an average rating of "Buy" and a consensus target price of $79.40.

Institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of nCino by 87.6% during the second quarter. First Horizon Advisors Inc. now owns 437 shares of the company's stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Advisory Services Network LLC acquired a new position in nCino in the second quarter worth about $27,000. Captrust Financial Advisors grew its stake in nCino by 146.5% in the first quarter. Captrust Financial Advisors now owns 493 shares of the company's stock worth $33,000 after purchasing an additional 293 shares in the last quarter. The PNC Financial Services Group Inc. grew its stake in nCino by 3,418.8% in the first quarter. The PNC Financial Services Group Inc. now owns 563 shares of the company's stock worth $37,000 after purchasing an additional 547 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in nCino in the second quarter worth about $40,000. Institutional investors own 90.88% of the company's stock.

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.

See Also: Moving Average (MA)

Insider Buying and Selling by Quarter for nCino (NASDAQ:NCNO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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