nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh Sells 10,000 Shares

nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the transaction, the director now directly owns 226,201 shares of the company’s stock, valued at $8,482,537.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

nCino Price Performance

Shares of NCNO opened at $37.55 on Thursday. nCino, Inc. has a twelve month low of $27.27 and a twelve month high of $37.86. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $32.07 and a 200 day moving average of $31.58. The company has a market capitalization of $4.32 billion, a P/E ratio of -121.13, a price-to-earnings-growth ratio of 26.59 and a beta of 0.59.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The company had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $131.06 million. During the same quarter last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Macquarie reaffirmed an “outperform” rating and set a $40.00 target price on shares of nCino in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Raymond James raised shares of nCino from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Tuesday, September 3rd. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of nCino in a research note on Wednesday, August 28th. Finally, Truist Financial reissued a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of nCino in a research report on Monday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.82.

Institutional Investors Weigh In On nCino

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Crewe Advisors LLC purchased a new stake in nCino in the second quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. purchased a new stake in nCino in the first quarter worth approximately $52,000. Covestor Ltd boosted its stake in shares of nCino by 29.6% during the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after acquiring an additional 625 shares during the last quarter. Amalgamated Bank boosted its stake in shares of nCino by 28.1% during the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock worth $163,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of nCino by 145.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after acquiring an additional 2,677 shares during the last quarter. Hedge funds and other 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.