nCino, Inc. (NASDAQ:NCNO) Director Sells $237,333.78 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude sold 10,638 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $22.31, for a total transaction of $237,333.78. Following the completion of the transaction, the director now owns 1,055,452 shares of the company’s stock, valued at $23,547,134.12. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 2nd, Pierre Naude sold 31,123 shares of nCino stock. The stock was sold at an average price of $20.86, for a total transaction of $649,225.78.
• On Tuesday, February 4th, Pierre Naude sold 17,026 shares of nCino stock. The shares were sold at an average price of $32.60, for a total transaction of $555,047.60.

nCino Trading Down 4.2 %

Shares of NCNO stock opened at $23.40 on Friday. The business has a 50-day moving average of $29.25 and a 200 day moving average of $33.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino, Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The stock has a market capitalization of $2.72 billion, a PE ratio of -137.64, a P/E/G ratio of 5.77 and a beta of 0.69.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 earnings per share 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 analysts’ expectations of $140.81 million. During the same period last year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that nCino, Inc. will post 0.12 earnings per share for the current year.

nCino announced that its board has authorized a share buyback program on Tuesday, April 1st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of nCino

Large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. raised its position in nCino by 16.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after purchasing an additional 323 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of nCino by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock valued at $407,000 after acquiring an additional 340 shares in the last quarter. Berry Wealth Group LP lifted its stake in nCino by 5.1% in the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after acquiring an additional 400 shares during the period. Handelsbanken Fonder AB boosted its holdings in nCino by 2.2% in the fourth quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock valued at $772,000 after acquiring an additional 500 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in nCino by 1.2% during the 4th quarter. Sterling Capital Management LLC now owns 48,945 shares of the company’s stock valued at $1,644,000 after purchasing an additional 583 shares during the period. 94.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler dropped their price objective on nCino from $38.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Bank of America lifted their price target on nCino from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday. William Blair cut shares of nCino from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Barclays cut their price target on shares of nCino from $44.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of nCino in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.60.

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.