nCino, Inc. (NASDAQ:NCNO) CFO Sells $136,169.25 in Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 3,885 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $35.05, for a total value of $136,169.25. Following the transaction, the chief financial officer now owns 276,892 shares in the company, valued at $9,705,064.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, October 11th, Gregory Orenstein sold 448 shares of nCino stock. The stock was sold at an average price of $35.00, for a total value of $15,680.00.
• On Monday, August 26th, Gregory Orenstein sold 553 shares of nCino stock. The shares were sold at an average price of $35.00, for a total value of $19,355.00.

nCino Stock Performance

NASDAQ NCNO opened at $36.58 on Friday. The company has a market capitalization of $4.21 billion, a P/E ratio of -118.00, a PEG ratio of 26.59 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48. The business has a 50 day moving average price of $31.86 and a 200 day moving average price of $31.58.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in nCino in the 4th quarter valued at about $211,000. Norden Group LLC increased its stake in nCino by 2,388.5% during the first quarter. Norden Group LLC now owns 454,665 shares of the company’s stock valued at $16,995,000 after purchasing an additional 436,394 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of nCino during the 1st quarter valued at about $52,000. Principal Financial Group Inc. acquired a new stake in shares of nCino during the 1st quarter worth approximately $220,000. Finally, SpiderRock Advisors LLC acquired a new stake in nCino in the first quarter worth $751,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC dropped their price target on nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Piper Sandler reiterated an “overweight” rating and issued a $38.00 price objective on shares of nCino in a research report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and set a $43.00 target price on shares of nCino in a research report on Wednesday, August 28th. The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $42.00 in a report on Wednesday, August 14th. Finally, Truist Financial restated a “buy” rating and set a $37.00 price target on shares of nCino in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.18.

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.