nCino, Inc. (NASDAQ:NCNO) CEO Pierre Naude Sells 15,242 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) CEO Pierre Naude sold 15,242 shares of nCino stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction of $466,862.46. Following the sale, the chief executive officer now owns 1,144,153 shares in the company, valued at approximately $35,045,406.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 8th, Pierre Naude sold 10,924 shares of nCino stock. The shares were sold at an average price of $34.41, for a total transaction of $375,894.84.

nCino Trading Up 2.2 %

NASDAQ:NCNO opened at $30.87 on Tuesday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of -81.24, a PEG ratio of 25.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. nCino, Inc. has a 1 year low of $21.32 and a 1 year high of $37.48. The business has a fifty day moving average of $31.14 and a 200-day moving average of $30.99.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The firm had revenue of $123.69 million during the quarter, compared to analyst estimates of $124.58 million. Equities analysts predict that nCino, Inc. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On nCino

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in nCino by 4.8% during the 3rd quarter. Raymond James & Associates now owns 324,161 shares of the company’s stock valued at $10,308,000 after purchasing an additional 14,929 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in nCino by 27.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,704 shares of the company’s stock valued at $309,000 after buying an additional 2,118 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in nCino by 15.8% during the third quarter. Precision Wealth Strategies LLC now owns 11,044 shares of the company’s stock worth $351,000 after acquiring an additional 1,503 shares during the period. Lisanti Capital Growth LLC bought a new stake in nCino in the third quarter worth about $3,171,000. Finally, Victory Capital Management Inc. acquired a new stake in nCino in the 3rd quarter valued at about $213,000. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $42.00 price objective on shares of nCino in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on nCino in a report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Needham & Company LLC raised their price target on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Morgan Stanley upped their price target on shares of nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.91.

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.