nCino (NASDAQ:NCNO) Director Pierre Naude Sells 35,650 Shares

Key Points

• Director Pierre Naude sold 35,650 shares on May 4 at an average price of $18.02 (proceeds ~$642,413) to cover tax withholding on vested equity, reducing his stake by 3.12% to 1,108,473 shares.
• nCino posted a quarter beat, reporting $0.37 EPS vs. $0.21 expected and revenue of $149.67M (up 5.9% year-over-year), while analysts hold a "Moderate Buy" consensus with an average target of $26.07.
• The stock trades near $17.96, below its 200-day moving average ($21.26) and well under its 52-week high ($33.92), with a market cap of about $1.95B and a high P/E (~359), indicating elevated valuation despite recent earnings strength.

nCino Inc. (NASDAQ:NCNO - Get Free Report) Director Pierre Naude sold 35,650 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $642,413.00. Following the transaction, the director owned 1,108,473 shares in the company, valued at approximately $19,974,683.46. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Pierre Naude also recently made the following trade(s):

• On Thursday, April 2nd, Pierre Naude sold 22,700 shares of nCino stock. The shares were sold at an average price of $16.75, for a total value of $380,225.00.

nCino Price Performance

Shares of NCNO traded down $0.03 during trading hours on Tuesday, hitting $17.96. 2,493,938 shares of the company were exchanged, compared to its average volume of 2,657,105. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 359.20 and a beta of 0.72. The firm's fifty day moving average is $16.45 and its 200 day moving average is $21.26.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.nCino's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts anticipate that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citizens Jmp reduced their price target on shares of nCino from $41.00 to $32.00 and set a "market outperform" rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a research note on Thursday, January 22nd. Piper Sandler raised shares of nCino from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $30.00 to $22.00 in a research note on Wednesday, April 1st. Robert W. Baird reduced their target price on nCino from $34.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, March 31st. Finally, Morgan Stanley decreased their price target on nCino from $36.00 to $21.00 and set an "overweight" rating on the stock in a research note on Monday, March 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.07.

Hedge Funds Weigh In On nCino

Institutional investors have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. lifted its stake in nCino by 48.2% in the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company's stock valued at $31,387,000 after purchasing an additional 376,506 shares during the last quarter. Vanguard Group Inc. lifted its stake in nCino by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company's stock valued at $323,279,000 after purchasing an additional 201,499 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in nCino in the 3rd quarter valued at approximately $1,397,000. Cramer Rosenthal Mcglynn LLC increased its holdings in nCino by 19.8% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company's stock worth $10,175,000 after purchasing an additional 62,142 shares in the last quarter. Finally, Tremblant Capital Group increased its holdings in nCino by 40.3% in the 3rd quarter. Tremblant Capital Group now owns 661,277 shares of the company's stock worth $17,927,000 after purchasing an additional 189,815 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

About nCino

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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