nCino (NASDAQ:NCNO) CFO Gregory Orenstein Sells 14,650 Shares

nCino Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 14,650 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $263,993.00. Following the transaction, the chief financial officer owned 702,293 shares of the company’s stock, valued at $12,655,319.86. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gregory Orenstein also recently made the following trade(s):

• On Thursday, April 2nd, Gregory Orenstein sold 8,840 shares of nCino stock. The shares were sold at an average price of $16.75, for a total transaction of $148,070.00.

nCino Price Performance

Shares of nCino stock traded down $0.03 during mid-day trading on Tuesday, reaching $17.96. 2,493,938 shares of the stock were exchanged, compared to its average volume of 2,657,105. 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 company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $16.45 and a 200 day simple moving average of $21.26. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $33.92.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, sell-side analysts predict that nCino Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NCNO. Stephens reduced their price objective on nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley reduced their price target on nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. The Goldman Sachs Group reduced their price target on nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price target on nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Zacks Research raised nCino from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

Institutional Trading of nCino

Several institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC raised its stake in nCino by 15.9% in the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after buying an additional 444 shares during the period. US Bancorp DE lifted its holdings in nCino by 1.6% during the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after purchasing an additional 501 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares during the last quarter. Lecap Asset Management Ltd. lifted its holdings in nCino by 2.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock worth $799,000 after purchasing an additional 691 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in nCino by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock worth $1,701,000 after purchasing an additional 743 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

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.