nCino, Inc. (NASDAQ:NCNO – Get Free Report) Director William J. Ruh sold 10,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the completion of the sale, the director now directly owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
nCino Price Performance
Shares of NCNO stock opened at $38.25 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $4.42 billion, a PE ratio of -141.66, a price-to-earnings-growth ratio of 30.64 and a beta of 0.59. The firm’s 50-day moving average is $32.23 and its two-hundred day moving average is $31.66. nCino, Inc. has a 12 month low of $27.27 and a 12 month high of $38.33.
nCino (NASDAQ:NCNO – Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. Analysts predict that nCino, Inc. will post 0.05 earnings per share for the current year.
Hedge Funds Weigh In On nCino
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NCNO. Truist Financial reissued a “buy” rating and set a $44.00 target price (up previously from $37.00) on shares of nCino in a research note on Monday. The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and raised their target price for the company from $34.00 to $42.00 in a research report on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and set a $38.00 price target on shares of nCino in a research report on Wednesday, August 28th. Needham & Company LLC decreased their price objective on nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $43.00 target price on shares of nCino in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus target price of $38.82.
Check Out Our Latest Stock Report on nCino
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.
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