B. Metzler seel. Sohn & Co. AG Takes Position in nCino, Inc. (NASDAQ:NCNO)

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,692 shares of the company’s stock, valued at approximately $1,098,000.

Several other hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of nCino during the fourth quarter valued at approximately $3,533,000. Norges Bank purchased a new position in nCino in the 4th quarter valued at $29,268,000. Loomis Sayles & Co. L P purchased a new position in nCino in the 4th quarter valued at $18,291,000. Pier Capital LLC acquired a new stake in nCino during the 4th quarter worth $7,489,000. Finally, EFG Asset Management North America Corp. grew its holdings in shares of nCino by 26.9% during the fourth quarter. EFG Asset Management North America Corp. now owns 70,739 shares of the company’s stock worth $2,376,000 after buying an additional 14,980 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Stock Performance

NASDAQ NCNO opened at $21.71 on Friday. The stock has a fifty day simple moving average of $30.80 and a 200-day simple moving average of $34.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.51 billion, a PE ratio of -127.70, a P/E/G ratio of 5.77 and a beta of 0.69. nCino, Inc. has a twelve month low of $18.75 and a twelve month high of $43.20.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, April 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The company had revenue of $141.37 million for the quarter, compared to analysts’ expectations of $140.81 million. nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. Equities analysts anticipate that nCino, Inc. will post 0.12 earnings per share for the current year.

nCino declared that its board has approved a stock buyback plan on Tuesday, April 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NCNO has been the topic of a number of recent research reports. Barclays lowered their price target on shares of nCino from $44.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America cut nCino from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a report on Wednesday. Macquarie increased their price target on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. William Blair lowered nCino from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Stephens restated an “equal weight” rating and issued a $38.00 target price on shares of nCino in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, nCino has an average rating of “Hold” and an average target price of $30.33.

Insider Activity at nCino

In other news, CEO Sean Desmond sold 5,034 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the completion of the transaction, the chief executive officer now directly owns 306,477 shares in the company, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Orenstein sold 5,148 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $167,824.80. Following the completion of the sale, the chief financial officer now owns 271,744 shares in the company, valued at $8,858,854.40. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,877 shares of company stock worth $2,963,893. Insiders own 28.40% of the company’s stock.

nCino Profile

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.