nCino, Inc. (NASDAQ:NCNO - Get Free Report) CFO Gregory Orenstein sold 448 shares of nCino stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $35.00, for a total value of $15,680.00. Following the completion of the sale, the chief financial officer now directly owns 276,892 shares in the company, valued at $9,691,220. This represents 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.
Gregory Orenstein also recently made the following trade(s):
- On Monday, October 14th, Gregory Orenstein sold 3,885 shares of nCino stock. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25.
- 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 transaction of $19,355.00.
nCino Stock Performance
NASDAQ NCNO traded up $1.01 during trading hours on Wednesday, reaching $36.06. The company's stock had a trading volume of 3,368,345 shares, compared to its average volume of 1,061,488. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $31.60 and a 200 day simple moving average of $31.51. nCino, Inc. has a 52 week low of $27.13 and a 52 week high of $37.48. The stock has a market cap of $4.15 billion, a PE ratio of -113.06, a PEG ratio of 26.59 and a beta of 0.59.
nCino (NASDAQ:NCNO - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $132.40 million for the quarter, compared to analysts' expectations of $131.06 million. During the same quarter last year, the company posted ($0.02) earnings per share. nCino's revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On nCino
Several large investors have recently made changes to their positions in NCNO. Capital International Investors acquired a new stake in shares of nCino in the first quarter valued at approximately $60,703,000. Long Path Partners LP increased its stake in shares of nCino by 151.1% in the second quarter. Long Path Partners LP now owns 2,590,135 shares of the company's stock valued at $81,460,000 after purchasing an additional 1,558,529 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of nCino in the second quarter valued at approximately $41,805,000. Senator Investment Group LP acquired a new position in shares of nCino during the second quarter valued at approximately $40,885,000. Finally, ShawSpring Partners LLC acquired a new position in shares of nCino during the second quarter valued at approximately $38,663,000. Institutional investors and hedge funds own 94.76% of the company's stock.
Wall Street Analysts Forecast Growth
NCNO has been the subject of a number of research reports. Raymond James upgraded shares of nCino from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Tuesday, September 3rd. 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 research report on Wednesday, August 14th. JMP Securities restated a "market outperform" rating and set a $43.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Stephens restated an "equal weight" rating and set a $35.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Finally, Truist Financial restated a "buy" rating and set a $37.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, nCino currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.18.
Check Out Our Latest Analysis on nCino
nCino Company Profile
(
Get Free Report)
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.
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