B. Metzler seel. Sohn & Co. AG Makes New $1.10 Million Investment in nCino, Inc. (NASDAQ:NCNO)

B. Metzler seel. Sohn & Co. AG purchased a new position in nCino, Inc. (NASDAQ:NCNO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,692 shares of the company's stock, valued at approximately $1,098,000.

A number of other large investors also recently bought and sold shares of NCNO. Asset Management One Co. Ltd. grew its holdings in nCino by 16.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after purchasing an additional 323 shares during the period. Victory Capital Management Inc. increased its position in nCino by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 12,124 shares of the company's stock valued at $407,000 after buying an additional 340 shares in the last quarter. Berry Wealth Group LP raised its stake in nCino by 5.1% during the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company's stock valued at $276,000 after buying an additional 400 shares during the last quarter. Handelsbanken Fonder AB raised its stake in nCino by 2.2% during the fourth quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company's stock valued at $772,000 after buying an additional 500 shares during the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in nCino by 5.3% in the fourth quarter. Precision Wealth Strategies LLC now owns 14,278 shares of the company's stock worth $479,000 after acquiring an additional 714 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Stock Performance

NASDAQ NCNO traded up $0.43 during trading hours on Tuesday, hitting $22.15. 803,544 shares of the company's stock traded hands, compared to its average volume of 1,324,184. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The firm has a market capitalization of $2.56 billion, a P/E ratio of -130.43, a P/E/G ratio of 5.77 and a beta of 0.69. The business's fifty day moving average price is $30.34 and its two-hundred day moving average price is $33.97.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). The company had revenue of $141.37 million during the quarter, compared to analysts' expectations of $140.81 million. nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Equities research analysts predict that nCino, Inc. will post 0.12 EPS for the current year.

nCino declared that its board has authorized a stock buyback program on Tuesday, April 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at nCino

In related news, CEO Sean Desmond sold 5,034 shares of nCino stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares in the company, valued at approximately $9,991,150.20. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Naude sold 17,026 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $555,047.60. Following the completion of the sale, the director now owns 1,097,213 shares of the company's stock, valued at $35,769,143.80. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,988 shares of company stock worth $2,294,561. 28.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank reaffirmed a "sector perform" rating and issued a $19.00 price target (down previously from $35.00) on shares of nCino in a research report on Wednesday, April 2nd. Morgan Stanley decreased their target price on shares of nCino from $39.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Bank of America cut shares of nCino from a "buy" rating to a "neutral" rating and set a $22.00 price target on the stock. in a report on Wednesday, April 2nd. Raymond James lowered their price objective on nCino from $42.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, Truist Financial lowered nCino from a "buy" rating to a "hold" rating and reduced their target price for the stock from $44.00 to $21.00 in a report on Wednesday, April 2nd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.33.

nCino 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.