nCino Inc. (NASDAQ:NCNO) Insider Sells $83,118.60 in Stock

Key Points

• nCino Inc. insider April Rieger sold 3,028 shares of the company's stock for a total of $83,118.60, decreasing their ownership to 240,523 shares valued at approximately $6.6 million.
• The company's stock closed at $26.95, reflecting a market capitalization of $3.12 billion with a PE ratio of -103.65.
• Research analysts have increased their price targets for nCino, with a consensus target price of $31.13 and ratings suggesting a "Moderate Buy."

nCino Inc. (NASDAQ:NCNO - Get Free Report) insider April Rieger sold 3,028 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $83,118.60. Following the transaction, the insider owned 240,523 shares of the company's stock, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

nCino Stock Performance

NASDAQ NCNO traded down $0.38 on Wednesday, hitting $26.95. 1,307,344 shares of the stock were exchanged, compared to its average volume of 1,403,239. The company has a market capitalization of $3.12 billion, a PE ratio of -103.65, a P/E/G ratio of 27.23 and a beta of 0.77. The business's fifty day moving average is $28.21 and its 200 day moving average is $28.02. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $144.14 million for the quarter, compared to analyst estimates of $139.77 million. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The company's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Research analysts anticipate that nCino Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NCNO shares. JMP Securities boosted their price objective on shares of nCino from $32.00 to $35.00 and gave the company a "market outperform" rating in a report on Monday, June 9th. Stephens boosted their price objective on shares of nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their price objective on shares of nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 29th. Baird R W upgraded shares of nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley boosted their price objective on shares of nCino from $29.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Hedge Funds Weigh In On nCino

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its stake in nCino by 14.1% during the fourth quarter. Northern Trust Corp now owns 612,902 shares of the company's stock worth $20,581,000 after buying an additional 75,592 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in nCino during the first quarter worth about $343,000. Victory Capital Management Inc. grew its stake in nCino by 241.1% during the first quarter. Victory Capital Management Inc. now owns 41,349 shares of the company's stock worth $1,136,000 after buying an additional 29,225 shares in the last quarter. Peregrine Capital Management LLC grew its stake in nCino by 3.3% during the first quarter. Peregrine Capital Management LLC now owns 289,168 shares of the company's stock worth $7,943,000 after buying an additional 9,283 shares in the last quarter. Finally, Xponance Inc. grew its stake in nCino by 7.9% during the first quarter. Xponance Inc. now owns 8,954 shares of the company's stock worth $246,000 after buying an additional 656 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

nCino Company 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.

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