nCino, Inc. (NASDAQ:NCNO - Get Free Report) CFO Gregory Orenstein sold 448 shares of nCino stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $35.00, for a total transaction of $15,680.00. Following the completion of the sale, the chief financial officer now directly owns 276,892 shares of the company's stock, valued at approximately $9,691,220. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Gregory Orenstein also recently made the following trade(s):
- On Monday, October 14th, Gregory Orenstein sold 3,885 shares of nCino stock. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25.
- 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 $36.06 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -116.32, a PEG ratio of 26.59 and a beta of 0.59. nCino, Inc. has a 12 month low of $27.13 and a 12 month high of $37.48. The firm's 50-day moving average is $31.69 and its 200 day moving average is $31.54.
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nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. nCino's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS. Research analysts predict that nCino, Inc. will post 0.05 EPS for the current year.
Institutional Trading of nCino
Several large investors have recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new stake in shares of nCino during the second quarter valued at $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of nCino in the first quarter worth about $52,000. Covestor Ltd boosted its holdings in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company's stock worth $102,000 after buying an additional 625 shares in the last quarter. Lazard Asset Management LLC grew its position in nCino by 145.6% during the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company's stock valued at $168,000 after buying an additional 2,677 shares during the period. Finally, Amalgamated Bank raised its position in shares of nCino by 28.1% in the second quarter. Amalgamated Bank now owns 5,174 shares of the company's stock worth $163,000 after acquiring an additional 1,134 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.
Analyst Upgrades and Downgrades
NCNO has been the topic of several research analyst reports. Raymond James upgraded nCino from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research report on Tuesday, September 3rd. JMP Securities reissued a "market outperform" rating and issued a $43.00 price target on shares of nCino in a report on Wednesday, August 28th. Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of nCino in a report on Wednesday, August 28th. William Blair restated an "outperform" rating on shares of nCino in a report on Wednesday, August 28th. Finally, Stephens restated an "equal weight" rating and issued a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.18.
Check Out Our Latest Stock Analysis on nCino
nCino Company Profile
(
Get Free Report)
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.
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