nCino, Inc. (NASDAQ:NCNO) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in nCino, Inc. (NASDAQ:NCNO - Free Report) by 71.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 385,000 shares of the company's stock after buying an additional 160,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.33% of nCino worth $12,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of nCino by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,174 shares of the company's stock valued at $5,614,000 after purchasing an additional 20,133 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of nCino by 8.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company's stock worth $377,000 after buying an additional 800 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of nCino in the first quarter worth $355,000. US Bancorp DE increased its position in nCino by 7.1% during the first quarter. US Bancorp DE now owns 38,507 shares of the company's stock valued at $1,439,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Motley Fool Asset Management LLC bought a new position in shares of nCino in the 1st quarter worth approximately $1,175,000. Institutional investors own 94.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NCNO shares. Piper Sandler reaffirmed an "overweight" rating and issued a $38.00 target price on shares of nCino in a report on Wednesday, August 28th. Needham & Company LLC reduced their target price on shares of nCino from $42.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, August 28th. Truist Financial reiterated a "buy" rating and issued a $44.00 price target (up from $37.00) on shares of nCino in a research report on Monday, October 21st. William Blair reiterated an "outperform" rating on shares of nCino in a research note on Wednesday, August 28th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of nCino in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.82.

Insider Transactions at nCino

In other news, CFO Gregory Orenstein sold 3,885 shares of the company's stock in a transaction dated 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 owns 276,892 shares in the company, valued at $9,705,064.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other nCino news, Director William J. Ruh sold 10,000 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the completion of the sale, the director now directly owns 226,201 shares in the company, valued at approximately $8,482,537.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory Orenstein sold 3,885 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 276,892 shares in the company, valued at approximately $9,705,064.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,035,584 shares of company stock valued at $144,146,625 in the last 90 days. Insiders own 28.40% of the company's stock.

nCino Trading Up 1.4 %

NASDAQ:NCNO traded up $0.57 during midday trading on Friday, hitting $42.56. 579,508 shares of the company traded hands, compared to its average volume of 1,076,957. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm's fifty day moving average is $33.20 and its 200-day moving average is $32.12. The firm has a market capitalization of $4.92 billion, a P/E ratio of -155.51, a P/E/G ratio of 30.53 and a beta of 0.55. nCino, Inc. has a 12-month low of $27.47 and a 12-month high of $43.00.

nCino (NASDAQ:NCNO - Get Free Report) last issued 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 negative net margin of 5.78% and a positive return on equity of 1.06%. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $131.06 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm's revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that nCino, Inc. will post 0.05 EPS for the current year.

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.