nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 1,833,975 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $36.62, for a total transaction of $67,160,164.50. Following the completion of the transaction, the director now owns 12,513,467 shares in the company, valued at approximately $458,243,161.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Jeff Horing also recently made the following trade(s):
- On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The stock was sold at an average price of $36.02, for a total value of $48,869,090.42.
- On Wednesday, August 14th, Jeff Horing sold 800,002 shares of nCino stock. The stock was sold at an average price of $33.16, for a total value of $26,528,066.32.
- On Monday, July 29th, Jeff Horing sold 50,000 shares of nCino stock. The shares were sold at an average price of $33.30, for a total value of $1,665,000.00.
- On Friday, July 26th, Jeff Horing sold 921,614 shares of nCino stock. The stock was sold at an average price of $33.50, for a total value of $30,874,069.00.
nCino Stock Performance
Election warning coming true…
From Porter & Company | Ad
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Click here to watch it now.
nCino stock opened at $37.21 on Tuesday. The stock has a market cap of $4.28 billion, a PE ratio of -120.03, a P/E/G ratio of 26.59 and a beta of 0.59. 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 12-month low of $27.13 and a 12-month high of $37.73. The business's 50-day moving average price is $31.86 and its two-hundred day moving average price is $31.53.
nCino (NASDAQ:NCNO - Get Free Report) 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 company had revenue of $132.40 million for 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%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. As a group, analysts expect that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NCNO. Nomura Holdings Inc. acquired a new position in nCino in the 4th quarter worth about $211,000. Norden Group LLC increased its stake in shares of nCino by 2,388.5% in the first quarter. Norden Group LLC now owns 454,665 shares of the company's stock valued at $16,995,000 after buying an additional 436,394 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in nCino in the 1st quarter valued at approximately $52,000. Principal Financial Group Inc. acquired a new stake in nCino during the 1st quarter worth approximately $220,000. Finally, SpiderRock Advisors LLC bought a new stake in nCino during the 1st quarter worth approximately $751,000. 94.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of nCino from a "neutral" rating to a "buy" rating and upped their price target for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Stephens reaffirmed an "equal weight" rating and set a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. Truist Financial reiterated a "buy" rating and issued a $44.00 price target (up from $37.00) on shares of nCino in a research note on Monday. Piper Sandler reissued an "overweight" rating and set a $38.00 price target on shares of nCino in a research report on Wednesday, August 28th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of nCino in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.82.
Get Our Latest Research Report 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
