Gregory Orenstein Sells 3,885 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 3,885 shares of the business’s 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 sale, the chief financial officer now owns 276,892 shares in the company, valued at $9,705,064.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gregory Orenstein also recently made the following trade(s):

• On Friday, October 11th, Gregory Orenstein sold 448 shares of nCino stock. The stock was sold at an average price of $35.00, for a total transaction of $15,680.00.
• On Monday, August 26th, Gregory Orenstein sold 553 shares of nCino stock. The shares were sold at an average price of $35.00, for a total transaction of $19,355.00.

nCino Trading Up 1.0 %

Shares of NCNO stock opened at $36.58 on Friday. The firm has a 50 day moving average price of $31.86 and a two-hundred day moving average price of $31.58. The company has a market capitalization of $4.21 billion, a PE ratio of -118.00, a price-to-earnings-growth ratio of 26.59 and a beta of 0.59. nCino, Inc. has a 12-month low of $27.13 and a 12-month high of $37.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09.

nCino (NASDAQ:NCNO) last released its earnings results 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. The company had revenue of $132.40 million for the quarter, compared to analyst estimates of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. nCino’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. As a group, analysts predict that nCino, Inc. will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in nCino during the 2nd quarter worth $26,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of nCino during the 1st quarter worth approximately $52,000. Covestor Ltd boosted its stake in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after acquiring an additional 625 shares in the last quarter. Amalgamated Bank grew its stake in shares of nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock valued at $163,000 after buying an additional 1,134 shares during the period. Finally, Lazard Asset Management LLC grew its stake in nCino by 145.6% in the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock valued at $168,000 after acquiring an additional 2,677 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Ratings Changes

NCNO has been the subject of several analyst reports. Needham & Company LLC reduced their price objective on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. Truist Financial reaffirmed a “buy” rating and issued a $37.00 price target on shares of nCino in a report on Wednesday, August 28th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of nCino in a report on Wednesday, August 28th. Finally, Macquarie restated an “outperform” rating and set a $40.00 target price on shares of nCino in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and a consensus target price of $38.18.

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.