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 stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 2.2 %

NCNO stock opened at $30.87 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -81.24, a P/E/G ratio of 25.04 and a beta of 0.57. The business has a fifty day moving average price of $31.14 and a 200 day moving average price of $30.99. nCino, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $37.48.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $123.69 million during the quarter, compared to analysts’ expectations of $124.58 million. Analysts expect that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $42.00 price objective on shares of nCino in a report on Wednesday, March 27th. Keefe, Bruyette & Woods began coverage on shares of nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target on the stock. William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Needham & Company LLC lifted their target price 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. Finally, Morgan Stanley increased their price target on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, nCino currently has a consensus rating of “Moderate Buy” and an average target price of $35.91.

Hedge Funds Weigh In On nCino

A number of large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new position in nCino in the 1st quarter worth approximately $52,000. PNC Financial Services Group Inc. increased its stake in shares of nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock valued at $113,000 after buying an additional 3,062 shares during the period. Advisory Services Network LLC bought a new stake in shares of nCino during the fourth quarter worth $171,000. Nomura Holdings Inc. acquired a new position in shares of nCino during the fourth quarter valued at $211,000. Finally, Victory Capital Management Inc. bought a new position in nCino in the third quarter valued at about $213,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

About nCino

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.