Pierre Naude Sells 5,767 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNOGet Free Report) CEO Pierre Naude sold 5,767 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $31.22, for a total value of $180,045.74. Following the completion of the sale, the chief executive officer now owns 1,024,253 shares of the company’s stock, valued at $31,977,178.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Pierre Naude also recently made the following trade(s):

  • On Monday, February 5th, Pierre Naude sold 5,712 shares of nCino stock. The shares were sold at an average price of $30.66, for a total value of $175,129.92.

nCino Trading Down 1.6 %

NASDAQ:NCNO opened at $30.70 on Thursday. The company’s 50 day moving average price is $32.16 and its 200-day moving average price is $30.82. nCino, Inc. has a 52 week low of $19.58 and a 52 week high of $35.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -52.93, a PEG ratio of 13.58 and a beta of 0.46.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCNO. State of Wyoming grew its stake in nCino by 56.8% during the fourth quarter. State of Wyoming now owns 1,350 shares of the company’s stock valued at $36,000 after acquiring an additional 489 shares in the last quarter. UBS Group AG grew its stake in nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company’s stock valued at $62,000 after acquiring an additional 1,240 shares in the last quarter. Advisors Asset Management Inc. grew its stake in nCino by 47.9% during the first quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after acquiring an additional 1,111 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in nCino by 643.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock valued at $113,000 after acquiring an additional 3,062 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of nCino in the 2nd quarter worth $1,070,000. 95.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NCNO has been the subject of several research reports. Piper Sandler restated an “overweight” rating and issued a $42.00 target price on shares of nCino in a research note on Tuesday, January 9th. Truist Financial dropped their price target 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of nCino in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.60.

View Our Latest Stock Report on NCNO

About nCino

(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.

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

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