nCino, Inc. (NASDAQ:NCNO) Shares Bought by Pembroke Management LTD

Pembroke Management LTD lifted its holdings in shares of nCino, Inc. (NASDAQ:NCNO) by 44.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 432,388 shares of the company’s stock after purchasing an additional 133,243 shares during the quarter. nCino comprises about 1.8% of Pembroke Management LTD’s holdings, making the stock its 28th biggest holding. Pembroke Management LTD owned about 0.37% of nCino worth $13,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bamco Inc. NY lifted its holdings in nCino by 83.7% during the 1st quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after buying an additional 421,500 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of nCino in the second quarter valued at $3,530,000. Clearbridge Investments LLC boosted its holdings in nCino by 14.7% in the first quarter. Clearbridge Investments LLC now owns 1,230,194 shares of the company’s stock valued at $45,985,000 after purchasing an additional 157,470 shares during the period. Select Equity Group L.P. grew its stake in nCino by 182.0% during the 2nd quarter. Select Equity Group L.P. now owns 25,436 shares of the company’s stock worth $800,000 after purchasing an additional 16,416 shares in the last quarter. Finally, Motley Fool Asset Management LLC acquired a new position in nCino during the 1st quarter worth $1,175,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insider Buying and Selling at nCino

In related news, insider Sean Desmond sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the transaction, the insider now owns 341,511 shares of the company’s stock, valued at $11,874,337.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other nCino news, Director William J. Ruh sold 10,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the transaction, the director now directly owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sean Desmond sold 30,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the transaction, the insider now owns 341,511 shares of the company’s stock, valued at approximately $11,874,337.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,035,584 shares of company stock worth $144,146,625. 28.40% of the stock is owned by company insiders.

nCino Stock Up 0.1 %

NCNO opened at $37.33 on Friday. The stock has a market capitalization of $4.31 billion, a P/E ratio of -138.25, a price-to-earnings-growth ratio of 30.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. nCino, Inc. has a one year low of $27.47 and a one year high of $38.94. The business’s 50-day simple moving average is $32.65 and its 200-day simple moving average is $31.86.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Analysts anticipate that nCino, Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NCNO shares. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price target on shares of nCino in a research report on Wednesday, October 23rd. Truist Financial reiterated a “buy” rating and issued a $44.00 price target (up previously from $37.00) on shares of nCino in a research note on Monday, October 21st. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of nCino in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $43.00 price objective on shares of nCino in a report on Wednesday, August 28th. Finally, Needham & Company LLC lowered their target price on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, nCino currently has a consensus rating of “Moderate Buy” and an average target price of $38.82.

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.