nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein Sells 448 Shares

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 448 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $35.00, for a total transaction of $15,680.00. Following the transaction, the chief financial officer now owns 276,892 shares in the company, valued at $9,691,220. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 14th, Gregory Orenstein sold 3,885 shares of nCino stock. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25.
• On Monday, August 26th, Gregory Orenstein sold 553 shares of nCino stock. The stock was sold at an average price of $35.00, for a total transaction of $19,355.00.

nCino Stock Up 2.9 %

NCNO traded up $1.01 during trading hours on Wednesday, hitting $36.06. 3,368,345 shares of the company’s stock were exchanged, compared to its average volume of 1,061,488. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48. The stock’s 50-day moving average is $31.60 and its two-hundred day moving average is $31.51. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -113.06, a PEG ratio of 26.59 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.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $131.06 million. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Sell-side analysts predict that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of nCino

A number of large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in shares of nCino in the fourth quarter valued at about $211,000. Norden Group LLC raised its position in shares of nCino by 2,388.5% in the first 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. Benjamin F. Edwards & Company Inc. bought a new position in shares of nCino in the first quarter valued at about $52,000. Principal Financial Group Inc. bought a new position in shares of nCino in the first quarter valued at about $220,000. Finally, SpiderRock Advisors LLC bought a new position in shares of nCino in the first quarter valued at about $751,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NCNO. Stephens reaffirmed an “equal weight” rating and issued a $35.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and set a $38.00 target price on shares of nCino in a research note on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.18.

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.