Pembroke Management LTD Buys 133,243 Shares of nCino, Inc. (NASDAQ:NCNO)

Pembroke Management LTD lifted its stake in nCino, Inc. (NASDAQ:NCNO - Free Report) by 44.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 432,388 shares of the company's stock after purchasing an additional 133,243 shares during the period. nCino accounts for 1.8% of Pembroke Management LTD's portfolio, making the stock its 28th largest position. Pembroke Management LTD owned 0.37% of nCino worth $13,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of nCino during the 1st quarter worth about $220,000. Norden Group LLC increased its holdings in nCino by 45.4% during the first quarter. Norden Group LLC now owns 26,568 shares of the company's stock worth $993,000 after buying an additional 8,297 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in nCino during the first quarter worth approximately $373,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of nCino by 15.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,174 shares of the company's stock worth $5,614,000 after buying an additional 20,133 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of nCino in the first quarter valued at about $620,000. Institutional investors own 94.76% of the company's stock.

nCino Stock Performance

Shares of nCino stock traded up $0.03 during trading hours on Friday, hitting $37.33. 774,376 shares of the company's stock traded hands, compared to its average volume of 1,393,081. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -138.25, a PEG ratio of 30.93 and a beta of 0.55. The company has a fifty day simple moving average of $32.65 and a 200-day simple moving average of $31.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. nCino, Inc. has a 12-month low of $27.47 and a 12-month high of $38.94.

nCino (NASDAQ:NCNO - Get Free Report) last issued its 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 negative net margin of 5.78% and a positive return on equity of 1.06%. The firm had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. During the same quarter last year, the business earned ($0.02) earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NCNO has been the subject of several research analyst reports. Raymond James upgraded shares of nCino from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Tuesday, September 3rd. The Goldman Sachs Group raised shares of nCino from a "neutral" rating to a "buy" rating and lifted their price target for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. William Blair reiterated an "outperform" rating on shares of nCino in a report on Wednesday, August 28th. JMP Securities reiterated a "market outperform" rating and set a $43.00 price objective on shares of nCino in a report on Wednesday, August 28th. Finally, Macquarie reissued an "outperform" rating and set a $40.00 price objective on shares of nCino in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.82.

Insider Activity

In other news, insider Sean Desmond sold 30,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $34.77, for a total value of $1,043,100.00. Following the transaction, the insider now owns 341,511 shares of the company's stock, valued at approximately $11,874,337.47. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director William J. Ruh sold 10,000 shares of the firm's 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 owns 226,201 shares in the company, valued at approximately $8,482,537.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sean Desmond sold 30,000 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the completion of the transaction, the insider now owns 341,511 shares of the company's stock, valued at $11,874,337.47. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,035,584 shares of company stock worth $144,146,625. 28.40% of the stock is owned by company insiders.

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.