nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein Sells 5,110 Shares

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,110 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction of $156,519.30. Following the sale, the chief financial officer now directly owns 290,136 shares of the company’s stock, valued at approximately $8,886,865.68. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, April 8th, Gregory Orenstein sold 2,410 shares of nCino stock. The shares were sold at an average price of $34.41, for a total transaction of $82,928.10.

nCino Stock Performance

Shares of NCNO stock opened at $30.87 on Tuesday. The firm’s 50 day moving average price is $31.14 and its 200-day moving average price is $30.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. nCino, Inc. has a one year low of $21.32 and a one year high of $37.48. The firm has a market cap of $3.53 billion, a P/E ratio of -81.24, a P/E/G ratio of 25.04 and a beta of 0.57.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $123.69 million for the quarter, compared to analyst estimates of $124.58 million. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. As a group, equities research analysts predict that nCino, Inc. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On nCino

Hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in nCino during the 1st quarter worth approximately $52,000. PNC Financial Services Group Inc. lifted its holdings in nCino by 643.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after buying an additional 3,062 shares in the last quarter. Advisory Services Network LLC acquired a new stake in nCino during the 4th quarter worth approximately $171,000. Principal Financial Group Inc. acquired a new stake in nCino during the 1st quarter worth approximately $220,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of nCino in the 4th quarter valued at $211,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on shares of nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target for the company. Piper Sandler reissued an “overweight” rating and issued a $42.00 price target on shares of nCino in a research note on Wednesday, March 27th. Morgan Stanley increased their price target on shares of nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, Needham & Company LLC increased their price target on shares of nCino from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.91.

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.