nCino, Inc. (NASDAQ:NCNO) Director Sells $78,711.98 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Insight Holdings Group, Llc sold 2,498 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $31.51, for a total value of $78,711.98. Following the transaction, the director now owns 2,025,991 shares in the company, valued at approximately $63,838,976.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Friday, June 21st, Insight Holdings Group, Llc sold 195,292 shares of nCino stock. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20.
• On Monday, June 24th, Insight Holdings Group, Llc sold 138,319 shares of nCino stock. The stock was sold at an average price of $31.53, for a total value of $4,361,198.07.
• On Monday, April 1st, Insight Holdings Group, Llc sold 1,031,659 shares of nCino stock. The shares were sold at an average price of $35.20, for a total transaction of $36,314,396.80.

nCino Stock Performance

Shares of NASDAQ:NCNO traded down $0.11 during trading on Thursday, hitting $31.36. The company’s stock had a trading volume of 1,632,142 shares, compared to its average volume of 954,761. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -101.52, a P/E/G ratio of 17.19 and a beta of 0.59. The company has a 50-day moving average of $30.72 and a 200-day moving average of $31.52. nCino, Inc. has a 12 month low of $27.13 and a 12 month high of $37.48.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. The business had revenue of $128.09 million for the quarter, compared to the consensus estimate of $126.59 million. On average, sell-side analysts expect that nCino, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of nCino

Several hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in nCino during the first quarter valued at approximately $52,000. Covestor Ltd raised its position in shares of 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 purchasing an additional 625 shares during the period. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 3,062 shares during the period. Lazard Asset Management LLC lifted its stake in shares of nCino by 145.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock valued at $168,000 after buying an additional 2,677 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in nCino during the 4th quarter valued at approximately $171,000. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NCNO. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of nCino in a research note on Thursday, May 30th. Keefe, Bruyette & Woods assumed coverage on nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price objective for the company. Morgan Stanley boosted their target price on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Robert W. Baird reduced their price target on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Finally, Piper Sandler cut their price objective on shares of nCino from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.64.

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.