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.
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