nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein Sells 2,410 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 2,410 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $34.41, for a total value of $82,928.10. Following the transaction, the chief financial officer now owns 295,246 shares in the company, valued at approximately $10,159,414.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, February 5th, Gregory Orenstein sold 1,703 shares of nCino stock. The shares were sold at an average price of $30.66, for a total value of $52,213.98.
• On Friday, February 2nd, Gregory Orenstein sold 1,814 shares of nCino stock. The shares were sold at an average price of $31.22, for a total value of $56,633.08.

nCino Stock Performance

NASDAQ NCNO opened at $33.36 on Thursday. The business’s 50-day moving average price is $31.28 and its 200 day moving average price is $30.94. nCino, Inc. has a twelve month low of $21.26 and a twelve month high of $37.48. The company has a market capitalization of $3.81 billion, a PE ratio of -87.79, a price-to-earnings-growth ratio of 28.76 and a beta of 0.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On nCino

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Bank & Trust increased its stake in nCino by 4.1% during the fourth quarter. First Bank & Trust now owns 9,970 shares of the company’s stock worth $335,000 after acquiring an additional 395 shares during the last quarter. State of Wyoming increased its stake in nCino by 56.8% during the fourth quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after acquiring an additional 489 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in nCino by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 25,371 shares of the company’s stock worth $865,000 after acquiring an additional 543 shares during the last quarter. Parkwood LLC increased its stake in nCino by 6.7% during the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock worth $350,000 after acquiring an additional 655 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in nCino by 1.4% during the third quarter. Legal & General Group Plc now owns 48,533 shares of the company’s stock worth $1,543,000 after acquiring an additional 693 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NCNO shares. Keefe, Bruyette & Woods started coverage on nCino in a report on Tuesday. They issued an “outperform” rating and a $41.00 target price on the stock. Piper Sandler reissued an “overweight” rating and issued a $42.00 target price on shares of nCino in a report on Wednesday, March 27th. Morgan Stanley boosted their target price on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Needham & Company LLC boosted their target price on nCino from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Robert W. Baird boosted their target price on nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.91.

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.