Moody Aldrich Partners LLC Invests $3.68 Million in nCino, Inc. (NASDAQ:NCNO)

Moody Aldrich Partners LLC purchased a new stake in shares of nCino, Inc. (NASDAQ:NCNO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 116,573 shares of the company’s stock, valued at approximately $3,683,000.

Several other large investors have also recently bought and sold shares of NCNO. Bamco Inc. NY increased its holdings in shares of nCino by 83.7% in the 1st quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock valued at $34,576,000 after purchasing an additional 421,500 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of nCino during the 2nd quarter valued at $3,530,000. Clearbridge Investments LLC boosted its stake in shares of nCino by 14.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,230,194 shares of the company’s stock valued at $45,985,000 after buying an additional 157,470 shares during the period. Select Equity Group L.P. increased its stake in shares of nCino by 182.0% in the second quarter. Select Equity Group L.P. now owns 25,436 shares of the company’s stock worth $800,000 after acquiring an additional 16,416 shares during the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of nCino during the first quarter worth $1,175,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $37.50, for a total value of $375,000.00. Following the completion of the transaction, the director now directly owns 226,201 shares of the company’s stock, valued at $8,482,537.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other nCino news, Director William J. Ruh sold 10,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the transaction, the director now owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff Horing sold 1,833,975 shares of nCino stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50. Following the completion of the sale, the director now owns 12,513,467 shares of the company’s stock, valued at approximately $458,243,161.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,024,080 shares of company stock worth $177,244,658 in the last three months. Insiders own 28.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial restated a “buy” rating and issued a $44.00 price objective (up previously from $37.00) on shares of nCino in a report on Monday. Piper Sandler restated an “overweight” rating and set a $38.00 price target on shares of nCino in a research note on Wednesday, August 28th. The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Wednesday, August 28th. Finally, Macquarie reissued an “outperform” rating and issued a $40.00 price objective on shares of nCino in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

nCino Price Performance

NASDAQ:NCNO traded up $0.77 during trading hours on Thursday, reaching $38.32. The company had a trading volume of 392,132 shares, compared to its average volume of 1,074,860. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $32.16 and a two-hundred day moving average of $31.62. nCino, Inc. has a one year low of $27.27 and a one year high of $38.32. The firm has a market capitalization of $4.41 billion, a PE ratio of -121.13, a PEG ratio of 26.59 and a beta of 0.59.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $132.40 million during the quarter, compared to the consensus estimate of $131.06 million. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted ($0.02) EPS. Analysts forecast that nCino, Inc. will post 0.05 earnings per share for the current year.

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.