Moody Aldrich Partners LLC Invests $3.68 Million in nCino, Inc. (NASDAQ:NCNO)

Moody Aldrich Partners LLC purchased a new stake in nCino, Inc. (NASDAQ:NCNO) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 116,573 shares of the company’s stock, valued at approximately $3,683,000. Moody Aldrich Partners LLC owned 0.10% of nCino as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lecap Asset Management Ltd. acquired a new stake in shares of nCino in the third quarter valued at about $745,000. Precision Wealth Strategies LLC boosted its holdings in nCino by 4.5% in the 3rd quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock worth $428,000 after buying an additional 589 shares during the last quarter. Berry Wealth Group LP purchased a new stake in nCino during the 3rd quarter worth approximately $247,000. Raymond James & Associates raised its holdings in shares of nCino by 25.1% during the third quarter. Raymond James & Associates now owns 504,734 shares of the company’s stock valued at $15,945,000 after acquiring an additional 101,305 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of nCino by 92.3% in the third quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock worth $711,000 after acquiring an additional 10,800 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Trading Up 2.1 %

Shares of nCino stock traded up $0.77 during trading hours on Thursday, hitting $38.32. The company’s stock had a trading volume of 392,132 shares, compared to its average volume of 1,074,860. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.41 billion, a PE ratio of -121.13, a P/E/G ratio of 26.59 and a beta of 0.59. The business has a fifty day moving average of $32.16 and a 200 day moving average of $31.62. nCino, Inc. has a 1-year low of $27.27 and a 1-year high of $38.32.

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

Insider Buying and Selling

In other news, Director Jeff Horing sold 1,833,975 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $36.62, for a total transaction of $67,160,164.50. Following the transaction, the director now directly owns 12,513,467 shares of the company’s stock, valued at approximately $458,243,161.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeff Horing sold 1,833,975 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $36.62, for a total value of $67,160,164.50. Following the sale, the director now directly owns 12,513,467 shares in the company, valued at $458,243,161.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction 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 sale, the chief financial officer now owns 276,892 shares of the company’s stock, valued at $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 5,024,080 shares of company stock worth $177,244,658 over the last quarter. 28.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of nCino in a report on Monday. Piper Sandler reiterated an “overweight” rating and set a $38.00 price target on shares of nCino in a research note on Wednesday, August 28th. Macquarie reissued an “outperform” rating and issued a $40.00 price target on shares of nCino in a research report on Wednesday. Needham & Company LLC lowered their target price on shares of nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Finally, Stephens restated an “equal weight” rating and issued a $35.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.82.

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.