Moody Aldrich Partners LLC Makes New $3.68 Million Investment in nCino, Inc. (NASDAQ:NCNO)

Moody Aldrich Partners LLC purchased a new stake in nCino, Inc. (NASDAQ:NCNO - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 116,573 shares of the company's stock, valued at approximately $3,683,000. Moody Aldrich Partners LLC owned 0.10% of nCino at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in nCino during the 2nd quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of nCino in the 1st quarter valued at $52,000. Covestor Ltd raised its stake in nCino by 29.6% in the 1st quarter. Covestor Ltd now owns 2,736 shares of the company's stock worth $102,000 after acquiring an additional 625 shares during the last quarter. Lazard Asset Management LLC lifted its position in nCino by 145.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company's stock worth $168,000 after acquiring an additional 2,677 shares during the period. Finally, Amalgamated Bank lifted its position in nCino by 28.1% during the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company's stock worth $163,000 after acquiring an additional 1,134 shares during the period. Institutional investors own 94.76% of the company's stock.

Insider Buying and Selling

In other nCino news, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares of the company's stock, valued at $9,705,064.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Insight Holdings Group, Llc sold 16,882 shares of nCino stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $33.11, for a total value of $558,963.02. Following the sale, the director now directly owns 1,381,929 shares of the company's stock, valued at $45,755,669.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction on Monday, October 14th. The shares were 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 directly owns 276,892 shares of the company's stock, valued at approximately $9,705,064.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,024,080 shares of company stock valued at $177,244,658. 28.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens restated an "equal weight" rating and issued a $35.00 price objective on shares of nCino in a research note on Wednesday, August 28th. The Goldman Sachs Group raised shares of nCino from a "neutral" rating to a "buy" rating and raised their price target for the stock from $34.00 to $42.00 in a research report on Wednesday, August 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $38.00 price objective on shares of nCino in a report on Wednesday, August 28th. Raymond James raised 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. Finally, JMP Securities restated a "market outperform" rating and set a $43.00 target price on shares of nCino in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.82.

nCino Price Performance

Shares of nCino stock traded up $0.70 during trading hours on Thursday, reaching $38.25. The stock had a trading volume of 1,700,912 shares, compared to its average volume of 1,081,832. The stock's 50 day moving average is $32.16 and its 200 day moving average is $31.62. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. nCino, Inc. has a twelve month low of $27.27 and a twelve month high of $38.33. The firm has a market capitalization of $4.40 billion, a PE ratio of -123.39, a PEG ratio of 26.59 and a beta of 0.59.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $132.40 million during the quarter, compared to analysts' expectations of $131.06 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. nCino's quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

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.