nCino, Inc. (NASDAQ:NCNO) Director Sells $375,000.00 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director William J. Ruh sold 10,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now directly owns 226,201 shares of the company's stock, valued at $8,482,537.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

nCino Stock Up 1.6 %

Shares of NCNO stock traded up $0.60 during trading hours on Wednesday, hitting $37.55. 1,170,051 shares of the company's stock traded hands, compared to its average volume of 1,078,181. 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 stock has a market cap of $4.32 billion, a price-to-earnings ratio of -119.19, a PEG ratio of 26.59 and a beta of 0.59. The stock's fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $31.58. nCino, Inc. has a 12-month low of $27.27 and a 12-month high of $37.86.

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

Institutional Trading of nCino

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bamco Inc. NY lifted its stake in shares of nCino by 83.7% in the first 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 bought a new position in nCino in the 2nd quarter valued at approximately $3,530,000. Clearbridge Investments LLC boosted its stake in nCino by 14.7% during the 1st 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 last quarter. Select Equity Group L.P. raised its stake in shares of nCino by 182.0% in the second 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 during the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of nCino during the first quarter valued at $1,175,000. 94.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NCNO has been the subject of a number of analyst reports. Raymond James upgraded shares of nCino from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Tuesday, September 3rd. JMP Securities reissued a "market outperform" rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Stephens reiterated an "equal weight" rating and issued a $35.00 price target on shares of nCino in a report on Wednesday, August 28th. The Goldman Sachs Group upgraded shares of nCino from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $34.00 to $42.00 in a report on Wednesday, August 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $38.00 target price on shares of nCino in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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