Vanderbilt University Boosts Stock Position in nCino, Inc. (NASDAQ:NCNO)

Vanderbilt University lifted its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 192.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,571 shares of the company's stock after buying an additional 92,481 shares during the quarter. nCino makes up 0.8% of Vanderbilt University's holdings, making the stock its 25th largest holding. Vanderbilt University owned about 0.12% of nCino worth $4,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bamco Inc. NY grew its position in shares of nCino by 83.7% during the 1st 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 shares of nCino during the 2nd quarter worth $3,530,000. Clearbridge Investments LLC grew its position in shares of nCino by 14.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,230,194 shares of the company's stock worth $45,985,000 after buying an additional 157,470 shares in the last quarter. Select Equity Group L.P. grew its position in shares of nCino by 182.0% during the 2nd quarter. Select Equity Group L.P. now owns 25,436 shares of the company's stock worth $800,000 after buying an additional 16,416 shares in the last quarter. Finally, Motley Fool Asset Management LLC bought a new stake in nCino during the first quarter valued at about $1,175,000. Institutional investors own 94.76% of the company's stock.

nCino Stock Performance

Shares of NASDAQ:NCNO traded up $0.36 during trading on Monday, hitting $38.19. The stock had a trading volume of 601,506 shares, compared to its average volume of 1,429,247. nCino, Inc. has a 12-month low of $27.27 and a 12-month high of $38.48. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -141.44, a price-to-earnings-growth ratio of 31.37 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 stock has a 50-day simple moving average of $32.38 and a two-hundred day simple moving average of $31.68.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share (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 firm had revenue of $132.40 million during the quarter, compared to analysts' expectations of $131.06 million. During the same period last year, the business 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, equities research analysts expect that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NCNO has been the topic of a number of recent research reports. Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of nCino in a research report on Wednesday, October 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $43.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Piper Sandler reaffirmed an "overweight" rating and set a $38.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Stephens reaffirmed 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 reaffirmed a "buy" rating and set a $44.00 price objective (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.82.

Insider Transactions at nCino

In related news, CFO Gregory Orenstein sold 3,885 shares of nCino stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the completion of the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction of $558,963.02. Following the completion of the transaction, the director now directly owns 1,381,929 shares in the company, valued at approximately $45,755,669.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 3,885 shares of nCino stock in a transaction that occurred 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 transaction, the chief financial officer now 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. Insiders sold a total of 4,052,466 shares of company stock worth $144,705,589 over the last three months. 28.40% of the stock is currently owned by insiders.

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.