Insight Holdings Group, Llc Sells 195,292 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Insight Holdings Group, Llc sold 195,292 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20. Following the sale, the director now owns 2,057,578 shares of the company’s stock, valued at approximately $65,019,464.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Monday, June 24th, Insight Holdings Group, Llc sold 138,319 shares of nCino stock. The shares were sold at an average price of $31.53, for a total transaction of $4,361,198.07.
• On Monday, April 1st, Insight Holdings Group, Llc sold 1,031,659 shares of nCino stock. The stock was sold at an average price of $35.20, for a total transaction of $36,314,396.80.

nCino Price Performance

NCNO stock opened at $31.47 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $30.72 and its 200-day moving average price is $31.52. nCino, Inc. has a one year low of $27.13 and a one year high of $37.48. The company has a market capitalization of $3.62 billion, a PE ratio of -101.51, a price-to-earnings-growth ratio of 17.19 and a beta of 0.59.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.05 EPS for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. The business had revenue of $128.09 million during the quarter, compared to the consensus estimate of $126.59 million. On average, equities analysts anticipate that nCino, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On nCino

Several institutional investors have recently added to or reduced their stakes in NCNO. Benjamin F. Edwards & Company Inc. bought a new position in shares of nCino during the 1st quarter valued at approximately $52,000. Covestor Ltd lifted its position in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after purchasing an additional 625 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after buying an additional 3,062 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after buying an additional 2,677 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of nCino during the 4th quarter valued at about $171,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NCNO. Piper Sandler decreased their price target on shares of nCino from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Keefe, Bruyette & Woods assumed coverage on nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price on the stock. Stephens reissued an “equal weight” rating and set a $35.00 price target on shares of nCino in a report on Thursday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of nCino in a research note on Thursday, May 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.64.

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.