Jeff Horing Sells 1,356,721 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 1,356,721 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $36.02, for a total value of $48,869,090.42. Following the transaction, the director now directly owns 14,656,746 shares of the company's stock, valued at approximately $527,935,990.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jeff Horing also recently made the following trade(s):

• On Wednesday, August 14th, Jeff Horing sold 800,002 shares of nCino stock. The shares were sold at an average price of $33.16, for a total value of $26,528,066.32.
• On Monday, July 29th, Jeff Horing sold 50,000 shares of nCino stock. The shares were sold at an average price of $33.30, for a total value of $1,665,000.00.
• On Friday, July 26th, Jeff Horing sold 921,614 shares of nCino stock. The shares were sold at an average price of $33.50, for a total value of $30,874,069.00.
• On Monday, July 22nd, Jeff Horing sold 365,764 shares of nCino stock. The shares were sold at an average price of $33.16, for a total value of $12,128,734.24.

nCino Trading Up 1.0 %

NASDAQ NCNO traded up $0.36 during trading on Friday, hitting $36.58. The stock had a trading volume of 3,000,283 shares, compared to its average volume of 1,075,596. The company has a market capitalization of $4.21 billion, a PE ratio of -118.00, a PEG ratio of 26.59 and a beta of 0.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $31.86 and a 200 day moving average price of $31.58. nCino, Inc. has a twelve month low of $27.13 and a twelve month high of $37.48.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $132.40 million during the quarter, compared to the consensus estimate of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. nCino's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) EPS. As a group, equities research analysts forecast that nCino, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Macquarie restated an "outperform" rating and issued a $40.00 price objective on shares of nCino in a report on Wednesday, August 28th. Truist Financial restated a "buy" rating and issued a $37.00 price objective on shares of nCino in a report on Wednesday, August 28th. Piper Sandler reaffirmed an "overweight" rating and issued a $38.00 target price on shares of nCino in a research note on Wednesday, August 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group raised nCino from a "neutral" rating to a "buy" rating and raised their target price for the stock from $34.00 to $42.00 in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.18.

Hedge Funds Weigh In On nCino

Several institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of nCino by 8.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company's stock valued at $244,766,000 after buying an additional 635,064 shares during the period. Vanguard Group Inc. boosted its stake in shares of nCino by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,122,722 shares of the company's stock valued at $266,247,000 after buying an additional 148,390 shares during the period. Long Path Partners LP boosted its stake in shares of nCino by 151.1% in the 2nd quarter. Long Path Partners LP now owns 2,590,135 shares of the company's stock valued at $81,460,000 after buying an additional 1,558,529 shares during the period. Meritage Group LP boosted its stake in shares of nCino by 2.3% in the 1st quarter. Meritage Group LP now owns 1,750,954 shares of the company's stock valued at $65,451,000 after buying an additional 39,828 shares during the period. Finally, Capital International Investors purchased a new position in shares of nCino in the 1st quarter valued at about $60,703,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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.

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