nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh Sells 10,000 Shares

by · The Markets Daily

nCino, Inc. (NASDAQ:NCNO – Get Free Report) Director William J. Ruh sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now directly owns 226,201 shares in the company, valued at approximately $8,482,537.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

nCino Price Performance

NASDAQ:NCNO opened at $37.83 on Friday. The company has a 50 day moving average price of $32.31 and a 200-day moving average price of $31.69. nCino, Inc. has a 1-year low of $27.27 and a 1-year high of $38.48. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of -122.03, a price-to-earnings-growth ratio of 30.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08.

nCino (NASDAQ:NCNO – Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share 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 previous year, the company earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts forecast that nCino, Inc. will post 0.05 EPS for the current year.

Hedge Funds Weigh In On nCino

A number of large investors have recently bought and sold shares of NCNO. Norden Group LLC increased its position 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 in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in nCino in the 1st quarter worth $52,000. Principal Financial Group Inc. acquired a new position in nCino during the first quarter worth $220,000. SpiderRock Advisors LLC purchased a new position in nCino during the first quarter valued at $751,000. Finally, Diversify Advisory Services LLC purchased a new position in nCino during the first quarter valued at $373,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NCNO. Macquarie reissued an “outperform” rating and set a $40.00 price objective on shares of nCino in a report on Wednesday. Truist Financial reissued a “buy” rating and issued a $44.00 price objective (up from $37.00) on shares of nCino in a report on Monday, October 21st. Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Tuesday, September 3rd. JMP Securities reiterated a “market outperform” rating and issued a $43.00 price target on shares of nCino in a report on Wednesday, August 28th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.82.

Check Out Our Latest Stock Report on NCNO

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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