nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein Sells 5,110 Shares

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,110 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $156,519.30. Following the completion of the sale, the chief financial officer now owns 290,136 shares of the company’s stock, valued at $8,886,865.68. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, April 8th, Gregory Orenstein sold 2,410 shares of nCino stock. The shares were sold at an average price of $34.41, for a total value of $82,928.10.

nCino Stock Performance

nCino stock opened at $30.87 on Tuesday. nCino, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $37.48. The company has a market capitalization of $3.53 billion, a PE ratio of -81.24, a P/E/G ratio of 25.04 and a beta of 0.57. The company has a 50 day moving average price of $31.14 and a 200-day moving average price of $30.99. 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 (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. The business had revenue of $123.69 million during the quarter, compared to analyst estimates of $124.58 million. As a group, equities analysts forecast that nCino, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NCNO shares. Robert W. Baird lifted their price objective on nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 price target on shares of nCino in a report on Wednesday, March 27th. Needham & Company LLC upped 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. William Blair restated an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods began coverage on shares of nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.91.

Institutional Trading of nCino

A number of hedge funds have recently added to or reduced their stakes in NCNO. Strs Ohio purchased a new stake in shares of nCino in the 4th quarter worth approximately $990,000. Barclays PLC increased its holdings in nCino by 45.2% during the third quarter. Barclays PLC now owns 88,168 shares of the company’s stock valued at $2,804,000 after buying an additional 27,452 shares during the period. Trexquant Investment LP purchased a new position in nCino during the third quarter valued at approximately $1,161,000. Envestnet Asset Management Inc. increased its holdings in nCino by 85.3% during the third quarter. Envestnet Asset Management Inc. now owns 139,997 shares of the company’s stock valued at $4,452,000 after buying an additional 64,446 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new position in nCino during the third quarter valued at approximately $3,171,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.