Insight Holdings Group, Llc Sells 2,498 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Insight Holdings Group, Llc sold 2,498 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $31.51, for a total transaction of $78,711.98. Following the completion of the transaction, the director now owns 2,025,991 shares in the company, valued at $63,838,976.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, June 21st, Insight Holdings Group, Llc sold 195,292 shares of nCino stock. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20.
• 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 value 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 value of $36,314,396.80.

nCino Price Performance

Shares of NASDAQ NCNO opened at $31.45 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -101.45, a price-to-earnings-growth ratio of 17.17 and a beta of 0.59. The stock’s 50-day moving average is $30.79 and its two-hundred day moving average is $31.53. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48.

nCino (NASDAQ:NCNO) last released its earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. The firm had revenue of $128.09 million for the quarter, compared to analyst estimates of $126.59 million. Analysts forecast that nCino, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NCNO. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of nCino in a research note on Thursday, May 30th. Piper Sandler dropped their target price on shares of nCino from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Morgan Stanley upped their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Robert W. Baird dropped their price objective on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Finally, Keefe, Bruyette & Woods assumed coverage on nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.64.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors purchased a new stake in nCino during the 1st quarter worth about $60,703,000. Norges Bank acquired a new position in nCino in the fourth quarter valued at approximately $25,336,000. Clearbridge Investments LLC boosted its holdings in nCino by 96.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock valued at $36,076,000 after purchasing an additional 525,605 shares in the last quarter. Norden Group LLC increased its stake in 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 last quarter. Finally, Bamco Inc. NY raised its holdings in nCino by 83.7% during the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after purchasing an additional 421,500 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

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.