nCino, Inc. (NASDAQ:NCNO) Stock Holdings Increased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its holdings in shares of nCino, Inc. (NASDAQ:NCNOGet Rating) by 32.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,508 shares of the company’s stock after acquiring an additional 858 shares during the period. Steward Partners Investment Advisory LLC’s holdings in nCino were worth $144,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of nCino in the 4th quarter worth $27,000. Lazard Asset Management LLC raised its stake in shares of nCino by 52.8% in the 4th quarter. Lazard Asset Management LLC now owns 938 shares of the company’s stock worth $51,000 after buying an additional 324 shares in the last quarter. Tilia Fiduciary Partners Inc. bought a new stake in shares of nCino in the 1st quarter worth $39,000. Harbor Capital Advisors Inc. bought a new stake in shares of nCino in the 1st quarter worth $137,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of nCino by 31.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,563 shares of the company’s stock worth $195,000 after buying an additional 850 shares in the last quarter.

Insider Buying and Selling at nCino

In other nCino news, VP Jeanette Sellers sold 1,830 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $34.55, for a total value of $63,226.50. Following the completion of the sale, the vice president now owns 26,110 shares of the company’s stock, valued at $902,100.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeffrey W. Lunsford sold 60,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $36.38, for a total transaction of $2,182,800.00. Following the completion of the transaction, the director now owns 113,404 shares of the company’s stock, valued at approximately $4,125,637.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeanette Sellers sold 1,830 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $34.55, for a total value of $63,226.50. Following the transaction, the vice president now directly owns 26,110 shares of the company’s stock, valued at approximately $902,100.50. The disclosure for this sale can be found here. Insiders have sold 152,055 shares of company stock worth $5,419,491 over the last 90 days. 37.20% of the stock is currently owned by corporate insiders.

nCino Price Performance

Shares of NASDAQ NCNO opened at $32.37 on Tuesday. The business’s 50-day moving average price is $32.72 and its two-hundred day moving average price is $38.57. nCino, Inc. has a one year low of $23.94 and a one year high of $79.43. The company has a market capitalization of $3.57 billion, a P/E ratio of -51.38 and a beta of 0.82.

nCino (NASDAQ:NCNOGet Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). nCino had a negative net margin of 21.30% and a negative return on equity of 13.52%. The firm had revenue of $94.21 million during the quarter, compared to analysts’ expectations of $91.42 million. During the same quarter last year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year. On average, equities analysts anticipate that nCino, Inc. will post -0.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Robert W. Baird cut their target price on nCino from $60.00 to $55.00 in a research report on Monday, April 4th. Stephens cut their target price on nCino to $40.00 in a research report on Friday, June 3rd. Needham & Company LLC cut their target price on nCino from $60.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. KeyCorp cut their target price on nCino from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Piper Sandler lowered their price target on nCino from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.44.

nCino Profile

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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, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.

See Also

Institutional Ownership by Quarter for nCino (NASDAQ:NCNO)

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