Bleakley Financial Group LLC Has $2.37 Million Holdings in nCino, Inc. (NASDAQ:NCNO)

Bleakley Financial Group LLC trimmed its stake in nCino, Inc. (NASDAQ:NCNO - Free Report) by 33.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,872 shares of the company's stock after selling 37,362 shares during the period. Bleakley Financial Group LLC owned 0.07% of nCino worth $2,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NCNO. Nomura Holdings Inc. bought a new position in shares of nCino in the 4th quarter valued at approximately $211,000. Norden Group LLC grew its holdings in nCino by 2,388.5% in the 1st quarter. Norden Group LLC now owns 454,665 shares of the company's stock valued at $16,995,000 after buying an additional 436,394 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in nCino in the 1st quarter valued at approximately $52,000. Principal Financial Group Inc. acquired a new stake in nCino in the 1st quarter valued at approximately $220,000. Finally, SpiderRock Advisors LLC acquired a new stake in nCino in the 1st quarter valued at approximately $751,000. 94.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on NCNO shares. Raymond James raised nCino from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Tuesday, September 3rd. William Blair reaffirmed an "outperform" rating on shares of nCino in a report on Wednesday, August 28th. The Goldman Sachs Group raised 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. Needham & Company LLC decreased their price objective on nCino from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, August 28th. Finally, Stephens reissued an "equal weight" rating and set a $35.00 price objective on shares of nCino in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.18.

Insider Buying and Selling at nCino

In other nCino news, CFO Gregory Orenstein sold 3,885 shares of nCino 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 completion of the transaction, the chief financial officer now owns 276,892 shares in the company, valued at approximately $9,705,064.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other nCino news, CFO Gregory Orenstein sold 3,885 shares of nCino 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 completion of the transaction, the chief financial officer now owns 276,892 shares in the company, valued at approximately $9,705,064.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Horing sold 365,764 shares of the business's stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $33.16, for a total value of $12,128,734.24. Following the sale, the director now owns 18,786,478 shares of the company's stock, valued at approximately $622,959,610.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,545,869 shares of company stock worth $121,838,227. 28.40% of the stock is currently owned by insiders.

nCino Price Performance

Shares of NCNO stock opened at $36.58 on Friday. The stock's fifty day simple moving average is $31.86 and its 200 day simple moving average is $31.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -118.00, a P/E/G ratio of 26.59 and a beta of 0.59. nCino, Inc. has a one year low of $27.13 and a one year high of $37.48.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, beating 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 analyst estimates of $131.06 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. nCino's quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts expect that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

nCino Company 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.