Insider Selling: nCino, Inc. (NASDAQ:NCNO) CEO Sells 15,242 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) CEO Pierre Naude sold 15,242 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $466,862.46. Following the completion of the sale, the chief executive officer now owns 1,144,153 shares of the company’s stock, valued at approximately $35,045,406.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 8th, Pierre Naude sold 10,924 shares of nCino stock. The shares were sold at an average price of $34.41, for a total value of $375,894.84.

nCino Trading Up 1.5 %

Shares of NCNO stock opened at $31.34 on Wednesday. nCino, Inc. has a 12-month low of $21.32 and a 12-month high of $37.48. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $31.16 and its 200-day moving average price is $31.01. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -82.47, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. The firm had revenue of $123.69 million for the quarter, compared to analysts’ expectations of $124.58 million. Equities research analysts predict that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods initiated coverage on shares of nCino in a research note on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price on the stock. Needham & Company LLC raised their price objective on shares of nCino from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. William Blair reaffirmed an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and issued a $42.00 price target on shares of nCino in a research note on Wednesday, March 27th. Finally, Robert W. Baird raised their price target on nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.91.

Institutional Investors Weigh In On nCino

Several large investors have recently made changes to their positions in NCNO. Norges Bank bought a new stake in shares of nCino in the fourth quarter worth about $25,336,000. Clearbridge Investments LLC purchased a new position in nCino in the third quarter worth about $17,398,000. Norden Group LLC grew its position in nCino by 2,388.5% in the first quarter. Norden Group LLC now owns 454,665 shares of the company’s stock worth $16,995,000 after acquiring an additional 436,394 shares in the last quarter. Wasatch Advisors LP grew its position in nCino by 18.9% in the fourth quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company’s stock worth $75,777,000 after acquiring an additional 358,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in nCino by 20.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock worth $34,807,000 after acquiring an additional 177,799 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.