William J. Ruh Sells 10,000 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) 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) 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

A number of hedge funds have recently modified their holdings of NCNO. Kayne Anderson Rudnick Investment Management LLC raised its holdings in nCino by 8.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company’s stock valued at $244,766,000 after buying an additional 635,064 shares during the period. Vanguard Group Inc. increased its position in shares of nCino by 2.1% during the first quarter. Vanguard Group Inc. now owns 7,122,722 shares of the company’s stock valued at $266,247,000 after acquiring an additional 148,390 shares during the last quarter. Long Path Partners LP raised its stake in shares of nCino by 151.1% in the 2nd quarter. Long Path Partners LP now owns 2,590,135 shares of the company’s stock valued at $81,460,000 after acquiring an additional 1,558,529 shares during the period. Meritage Group LP lifted its holdings in shares of nCino by 2.3% in the 1st quarter. Meritage Group LP now owns 1,750,954 shares of the company’s stock worth $65,451,000 after acquiring an additional 39,828 shares during the last quarter. Finally, Capital International Investors purchased a new position in shares of nCino during the 1st quarter worth approximately $60,703,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.