75,973 Shares in nCino, Inc. (NASDAQ:NCNO) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 75,973 shares of the company's stock, valued at approximately $2,551,000. Susquehanna Fundamental Investments LLC owned about 0.07% of nCino at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NCNO. Lead Edge Capital Management LLC increased its position in nCino by 24.7% in the 4th quarter. Lead Edge Capital Management LLC now owns 831,672 shares of the company's stock valued at $27,928,000 after acquiring an additional 164,672 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of nCino by 139.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,241,017 shares of the company's stock valued at $108,834,000 after purchasing an additional 1,889,283 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in nCino by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company's stock worth $3,144,000 after purchasing an additional 8,917 shares during the period. Dark Forest Capital Management LP bought a new position in nCino in the 4th quarter valued at about $306,000. Finally, Tower Research Capital LLC TRC raised its position in shares of nCino by 549.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock worth $370,000 after buying an additional 9,316 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at nCino

In related news, VP Jeanette Sellers sold 2,501 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $21.51, for a total transaction of $53,796.51. Following the transaction, the vice president now owns 19,099 shares in the company, valued at $410,819.49. This represents a 11.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sean Desmond sold 5,034 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $164,108.40. Following the completion of the sale, the chief executive officer now owns 306,477 shares of the company's stock, valued at $9,991,150.20. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,012 shares of company stock valued at $2,694,676 in the last three months. Corporate insiders own 28.40% of the company's stock.

nCino Price Performance

NASDAQ NCNO traded down $0.21 on Monday, reaching $22.76. The company's stock had a trading volume of 466,673 shares, compared to its average volume of 1,405,361. nCino, Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.62 billion, a PE ratio of -133.85, a price-to-earnings-growth ratio of 5.77 and a beta of 0.71. The business has a 50-day moving average price of $26.19 and a 200 day moving average price of $32.67.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The company had revenue of $141.37 million for the quarter, compared to the consensus estimate of $140.81 million. During the same period in the previous year, the business posted $0.21 earnings per share. The firm's revenue was up 14.3% compared to the same quarter last year. Sell-side analysts expect that nCino, Inc. will post 0.12 EPS for the current year.

nCino declared that its board has authorized a stock repurchase program on Tuesday, April 1st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of nCino from $40.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. Needham & Company LLC reduced their price objective on shares of nCino from $45.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley decreased their target price on nCino from $39.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Bank of America upped their price objective on shares of nCino from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, April 10th. Finally, William Blair lowered nCino from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.40.

About nCino

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.