Gregory Orenstein Sells 3,885 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $35.05, for a total value of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, October 11th, Gregory Orenstein sold 448 shares of nCino stock. The stock was sold at an average price of $35.00, for a total value of $15,680.00.
• On Monday, August 26th, Gregory Orenstein sold 553 shares of nCino stock. The shares were sold at an average price of $35.00, for a total transaction of $19,355.00.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $36.22 on Friday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of -116.84, a PEG ratio of 26.59 and a beta of 0.59. nCino, Inc. has a one year low of $27.13 and a one year high of $37.48. The business has a fifty day simple moving average of $31.77 and a 200 day simple moving average of $31.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of nCino from a “neutral” rating to a “buy” rating and raised their target price for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Needham & Company LLC lowered their price target on nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and set a $38.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Tuesday, September 3rd. Finally, Macquarie reiterated an “outperform” rating and set a $40.00 price target on shares of nCino in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.18.

Institutional Investors Weigh In On nCino

Institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its position in shares of nCino by 92.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock worth $711,000 after buying an additional 10,800 shares during the period. SG Americas Securities LLC acquired a new position in nCino during the third quarter worth $219,000. Clearbridge Investments LLC lifted its holdings in shares of nCino by 3.7% during the second quarter. Clearbridge Investments LLC now owns 1,275,963 shares of the company’s stock valued at $40,129,000 after acquiring an additional 45,769 shares during the period. Truist Financial Corp boosted its stake in shares of nCino by 16.2% in the 2nd quarter. Truist Financial Corp now owns 41,053 shares of the company’s stock valued at $1,291,000 after purchasing an additional 5,712 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in shares of nCino in the 2nd quarter worth about $40,885,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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.