nCino (NCNO) to Release Earnings on Tuesday

nCino (NASDAQ:NCNOGet Free Report) will be announcing its earnings results after the market closes on Tuesday, March 26th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

nCino Stock Performance

Shares of NCNO opened at $30.55 on Monday. The stock has a market capitalization of $3.46 billion, a PE ratio of -52.67, a price-to-earnings-growth ratio of 11.21 and a beta of 0.44. The business’s fifty day moving average price is $30.84 and its 200 day moving average price is $30.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10. nCino has a 12-month low of $21.26 and a 12-month high of $35.83.

Insider Buying and Selling

In other nCino news, insider April Rieger sold 1,460 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.66, for a total transaction of $44,763.60. Following the sale, the insider now owns 149,078 shares in the company, valued at approximately $4,570,731.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In other nCino news, insider April Rieger sold 1,460 shares of nCino stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $30.66, for a total transaction of $44,763.60. Following the transaction, the insider now directly owns 149,078 shares in the company, valued at approximately $4,570,731.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Collins sold 3,700 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $35.56, for a total transaction of $131,572.00. Following the sale, the director now directly owns 67,216 shares in the company, valued at $2,390,200.96. The disclosure for this sale can be found here. Insiders have sold 32,935 shares of company stock worth $1,069,845 in the last three months. 38.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming boosted its position 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 purchasing an additional 489 shares during the last quarter. UBS Group AG lifted its holdings in shares of nCino by 218.7% during the 3rd quarter. UBS Group AG now owns 1,807 shares of the company’s stock valued at $62,000 after buying an additional 1,240 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of nCino by 41.7% during the 1st quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock valued at $137,000 after buying an additional 1,633 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of nCino by 47.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after buying an additional 1,111 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new position in nCino in the first quarter worth approximately $149,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NCNO. Truist Financial reduced 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. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 target price on shares of nCino in a report on Tuesday, January 9th. Morgan Stanley raised nCino from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $27.00 in a report on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of nCino in a research report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, nCino currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.90.

Check Out Our Latest Stock Analysis 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.

See Also

Earnings History for nCino (NASDAQ:NCNO)

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