nCino, Inc. (NASDAQ:NCNO) CEO Sells $425,145.15 in Stock

nCino, Inc. (NASDAQ:NCNO) CEO Pierre Naude sold 14,101 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $30.15, for a total value of $425,145.15. Following the transaction, the chief executive officer now directly owns 1,114,239 shares in the company, valued at $33,594,305.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pierre Naude also recently made the following trade(s):

• On Thursday, May 2nd, Pierre Naude sold 15,242 shares of nCino stock. The shares were sold at an average price of $30.63, for a total transaction of $466,862.46.
• On Monday, April 8th, Pierre Naude sold 10,924 shares of nCino stock. The stock was sold at an average price of $34.41, for a total transaction of $375,894.84.

nCino Stock Performance

Shares of nCino stock opened at $31.69 on Friday. nCino, Inc. has a 1 year low of $23.73 and a 1 year high of $37.48. The firm’s 50-day moving average is $30.87 and its 200 day moving average is $31.37. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -102.22, a PEG ratio of 16.41 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $123.69 million for the quarter, compared to the consensus estimate of $124.58 million. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. Sell-side analysts anticipate that nCino, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCNO. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Thursday, May 30th. Piper Sandler lowered their target price on nCino from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Morgan Stanley upped their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Robert W. Baird lowered their price objective on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of nCino in a research report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.64.

Institutional Trading of nCino

A number of institutional investors and hedge funds have recently modified their holdings of NCNO. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of nCino during the first quarter valued at $52,000. Covestor Ltd lifted its stake in nCino by 29.6% during the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after acquiring an additional 625 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of nCino by 643.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock valued at $113,000 after acquiring an additional 3,062 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of nCino by 145.6% in the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after acquiring an additional 2,677 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of nCino during the fourth quarter valued at approximately $171,000. Institutional investors own 94.76% of the company’s stock.

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.