nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing Sells 133,487 Shares

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 133,487 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $31.51, for a total transaction of $4,206,175.37. Following the completion of the sale, the director now owns 24,879,980 shares in the company, valued at approximately $783,968,169.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jeff Horing also recently made the following trade(s):

• On Wednesday, June 12th, Jeff Horing sold 1,871,828 shares of nCino stock. The shares were sold at an average price of $31.51, for a total transaction of $58,981,300.28.

nCino Stock Performance

Shares of nCino stock opened at $31.26 on Thursday. The company has a market cap of $3.60 billion, a P/E ratio of -100.84, a PEG ratio of 17.18 and a beta of 0.59. The business has a 50-day moving average price of $30.87 and a two-hundred day moving average price of $31.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48.

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

Analysts Set New Price Targets

NCNO has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on nCino from $37.00 to $36.00 and set a “neutral” rating on the stock in a research 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. Stephens restated an “equal weight” rating and set a $35.00 target price on shares of nCino in a research report on Thursday, May 30th. William Blair reiterated an “outperform” rating on shares of nCino in a report on Wednesday, June 26th. Finally, Morgan Stanley increased their price objective on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.64.

Institutional Trading of nCino

Several hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors purchased a new stake in shares of nCino during the 1st quarter valued at approximately $60,703,000. Norges Bank bought a new position in nCino in the 4th quarter worth $25,336,000. Clearbridge Investments LLC boosted its stake in shares of nCino by 96.1% during the 4th 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 grew its holdings in shares of nCino by 2,388.5% during the 1st quarter. Norden Group LLC now owns 454,665 shares of the company’s stock worth $16,995,000 after acquiring an additional 436,394 shares during the period. Finally, Bamco Inc. NY grew its stake in nCino by 83.7% in 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 during the period. Institutional investors own 94.76% of the company’s stock.

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.