nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 1,356,721 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $36.02, for a total value of $48,869,090.42. Following the completion of the transaction, the director now owns 14,656,746 shares in the company, valued at $527,935,990.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Jeff Horing also recently made the following trade(s):
- On Wednesday, August 14th, Jeff Horing sold 800,002 shares of nCino stock. The shares were sold at an average price of $33.16, for a total transaction of $26,528,066.32.
- On Monday, July 29th, Jeff Horing sold 50,000 shares of nCino stock. The stock was sold at an average price of $33.30, for a total transaction of $1,665,000.00.
- On Friday, July 26th, Jeff Horing sold 921,614 shares of nCino stock. The shares were sold at an average price of $33.50, for a total transaction of $30,874,069.00.
- On Monday, July 22nd, Jeff Horing sold 365,764 shares of nCino stock. The stock was sold at an average price of $33.16, for a total value of $12,128,734.24.
nCino Price Performance
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Shares of NCNO opened at $36.58 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. nCino, Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $37.48. The company has a market cap of $4.21 billion, a P/E ratio of -118.00, a PEG ratio of 26.59 and a beta of 0.59. The firm's 50 day moving average price is $31.86 and its 200 day moving average price is $31.58.
nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results 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. The firm had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. nCino's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. On average, research analysts forecast that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NCNO. The Goldman Sachs Group upgraded nCino from a "neutral" rating to a "buy" rating and upped their target price for the company from $34.00 to $42.00 in a report on Wednesday, August 14th. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of nCino in a report on Wednesday, August 28th. Truist Financial reaffirmed a "buy" rating and set a $37.00 price target on shares of nCino in a research report on Wednesday, August 28th. JMP Securities reissued a "market outperform" rating and set a $43.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $38.00 target price on shares of nCino in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, nCino currently has an average rating of "Moderate Buy" and a consensus target price of $38.18.
View Our Latest Analysis on nCino
Institutional Investors Weigh In On nCino
A number of hedge funds and other institutional investors have recently modified their holdings of NCNO. Nomura Holdings Inc. purchased a new position in nCino in the fourth quarter valued at $211,000. Norden Group LLC boosted its position in shares of nCino by 2,388.5% during the 1st quarter. Norden Group LLC now owns 454,665 shares of the company's stock worth $16,995,000 after acquiring an additional 436,394 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of nCino in the 1st quarter valued at about $52,000. Principal Financial Group Inc. purchased a new position in shares of nCino in the 1st quarter valued at about $220,000. Finally, SpiderRock Advisors LLC acquired a new stake in shares of nCino during the 1st quarter worth about $751,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.
About nCino
(
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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