nCino, Inc. (NASDAQ:NCNO) Insider Sells $153,425.67 in Stock

nCino, Inc. (NASDAQ:NCNO) insider Sean Desmond sold 5,009 shares of nCino stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total value of $153,425.67. Following the completion of the transaction, the insider now directly owns 381,974 shares of the company’s stock, valued at $11,699,863.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sean Desmond also recently made the following trade(s):

• On Monday, April 8th, Sean Desmond sold 2,362 shares of nCino stock. The stock was sold at an average price of $34.41, for a total value of $81,276.42.

nCino Price Performance

NASDAQ:NCNO traded up $0.67 during trading hours on Monday, hitting $30.87. The company’s stock had a trading volume of 800,864 shares, compared to its average volume of 942,749. The stock has a fifty day simple moving average of $31.14 and a 200-day simple moving average of $30.99. nCino, Inc. has a twelve month low of $21.32 and a twelve month high of $37.48. The company has a market capitalization of $3.53 billion, a P/E ratio of -81.32, a PEG ratio of 25.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. The company had revenue of $123.69 million during the quarter, compared to the consensus estimate of $124.58 million. On average, analysts anticipate that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on NCNO shares. Piper Sandler reissued an “overweight” rating and set a $42.00 price objective on shares of nCino in a report on Wednesday, March 27th. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Needham & Company LLC upped their price target on nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Robert W. Baird upped their price target on nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Morgan Stanley upped their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.91.

Hedge Funds Weigh In On nCino

A number of institutional investors have recently modified their holdings of NCNO. Norges Bank acquired a new position in shares of nCino during the fourth quarter worth approximately $25,336,000. Clearbridge Investments LLC bought a new position in nCino in the 3rd quarter valued at $17,398,000. Norden Group LLC grew its stake 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 purchasing an additional 436,394 shares during the period. Wasatch Advisors LP grew its stake in shares of nCino by 18.9% during the 4th quarter. Wasatch Advisors LP now owns 2,253,248 shares of the company’s stock worth $75,777,000 after acquiring an additional 358,766 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of nCino by 20.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock worth $34,807,000 after acquiring an additional 177,799 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

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.