Benjamin F. Edwards & Company Inc. Has $87,000 Holdings in nCino, Inc. (NASDAQ:NCNO)

Benjamin F. Edwards & Company Inc. grew its position in nCino, Inc. (NASDAQ:NCNO) by 97.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,755 shares of the company’s stock after purchasing an additional 1,358 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in nCino were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in NCNO. First Bank & Trust grew its holdings in nCino by 5.7% in the 2nd quarter. First Bank & Trust now owns 10,188 shares of the company’s stock valued at $320,000 after buying an additional 546 shares in the last quarter. Covestor Ltd boosted its position in shares of nCino by 29.6% in the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after acquiring an additional 625 shares during the period. Parkwood LLC grew its stake in shares of nCino by 6.7% in the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after acquiring an additional 655 shares in the last quarter. Mesirow Institutional Investment Management Inc. increased its position in nCino by 6.1% during the first quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock worth $464,000 after acquiring an additional 719 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in nCino by 8.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock worth $377,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Trading Up 1.3 %

Shares of NCNO stock opened at $31.29 on Friday. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -100.94, a PEG ratio of 23.49 and a beta of 0.58. The stock has a 50-day moving average of $31.63 and a 200-day moving average of $31.46.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $132.40 million during the quarter, compared to the consensus estimate of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, equities research analysts forecast that nCino, Inc. will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

NCNO has been the topic of a number of analyst reports. Needham & Company LLC decreased 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. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and issued a $38.00 target price on shares of nCino in a report on Wednesday, August 28th. The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Finally, JMP Securities restated a “market outperform” rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Activity

In other news, Director Insight Holdings Group, Llc sold 1,981,514 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $31.08, for a total value of $61,585,455.12. Following the completion of the sale, the director now directly owns 1,545,347 shares in the company, valued at approximately $48,029,384.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other nCino news, insider April Rieger sold 8,856 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.23, for a total value of $276,572.88. Following the transaction, the insider now directly owns 165,791 shares of the company’s stock, valued at $5,177,652.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Insight Holdings Group, Llc sold 1,981,514 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $31.08, for a total value of $61,585,455.12. Following the sale, the director now directly owns 1,545,347 shares of the company’s stock, valued at $48,029,384.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,405,313 shares of company stock worth $141,769,528. Company insiders own 28.40% 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.