nCino, Inc. (NASDAQ:NCNO – Get Rating) CFO David Rudow sold 11,000 shares of nCino stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $32.37, for a total value of $356,070.00. Following the transaction, the chief financial officer now directly owns 161,961 shares in the company, valued at $5,242,677.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
nCino Trading Up 5.4 %
NASDAQ NCNO opened at $35.94 on Friday. The stock has a 50 day moving average price of $33.24 and a 200-day moving average price of $36.45. nCino, Inc. has a one year low of $23.94 and a one year high of $79.43.
nCino (NASDAQ:NCNO – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. nCino had a negative net margin of 23.22% and a negative return on equity of 15.41%. The company had revenue of $99.63 million for the quarter, compared to the consensus estimate of $97.51 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. nCino’s revenue was up 49.8% on a year-over-year basis. On average, sell-side analysts predict that nCino, Inc. will post -0.72 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on NCNO. Needham & Company LLC lowered their price objective on nCino from $60.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. Barclays lifted their price objective on nCino from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, June 2nd. Truist Financial lowered their price target on nCino from $70.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, September 2nd. KeyCorp lowered their price target on nCino from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, September 2nd. Finally, Morgan Stanley lowered their price target on nCino from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, June 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.50.
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, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.
- Get a free copy of the StockNews.com research report on nCino (NCNO)
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