Gregory Orenstein Sells 1,814 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNOGet Free Report) CFO Gregory Orenstein sold 1,814 shares of nCino stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $31.22, for a total transaction of $56,633.08. Following the sale, the chief financial officer now directly owns 220,715 shares of the company’s stock, valued at $6,890,722.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gregory Orenstein also recently made the following trade(s):

  • On Monday, February 5th, Gregory Orenstein sold 1,703 shares of nCino stock. The stock was sold at an average price of $30.66, for a total transaction of $52,213.98.

nCino Price Performance

NCNO stock opened at $30.70 on Thursday. The firm’s 50-day moving average price is $32.16 and its two-hundred day moving average price is $30.82. nCino, Inc. has a 12-month low of $19.58 and a 12-month high of $35.83. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -52.93, a PEG ratio of 13.58 and a beta of 0.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05.

nCino (NASDAQ:NCNOGet Free Report) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. nCino had a negative net margin of 14.01% and a negative return on equity of 1.15%. The firm had revenue of $121.94 million for the quarter, compared to analysts’ expectations of $120.63 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts predict that nCino, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On nCino

A number of hedge funds have recently modified their holdings of NCNO. Dimensional Fund Advisors LP increased its position in shares of nCino by 20.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,034,908 shares of the company’s stock valued at $34,807,000 after buying an additional 177,799 shares during the period. Mesirow Institutional Investment Management Inc. bought a new stake in nCino during the fourth quarter worth about $394,000. Charles Schwab Investment Management Inc. boosted its stake in nCino by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 347,058 shares of the company’s stock worth $11,672,000 after acquiring an additional 8,538 shares in the last quarter. Natixis Advisors L.P. boosted its stake in nCino by 33.6% during the fourth quarter. Natixis Advisors L.P. now owns 15,498 shares of the company’s stock worth $521,000 after acquiring an additional 3,897 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in nCino by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 8,209 shares of the company’s stock worth $276,000 after acquiring an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

NCNO has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of nCino in a report on Thursday, November 30th. Piper Sandler reiterated an “overweight” rating and issued a $42.00 target price on shares of nCino in a research report on Tuesday, January 9th. Finally, Truist Financial decreased their target price on shares of nCino from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.60.

Check Out Our Latest Stock Analysis on NCNO

nCino Company Profile

(Get Free Report)

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 secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.

Further Reading

Insider Buying and Selling by Quarter for nCino (NASDAQ:NCNO)

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