nCino, Inc. (NASDAQ: NCNO – Get Rating) Director Jeffrey W. Lunsford sold 40,000 shares of the company in a trade dated Monday, June 6. The stock was sold at an average price of $35.51, for a total value of $1,420,400.00. Following the sale, the director now owns 73,404 shares of the company, valued at $2,606,576.04. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.
The NASDAQ NCNO traded at $1.35 during Tuesday’s trading, hitting $36.10. The company’s shares had a trading volume of 795,065 shares, compared to an average volume of 961,594. The company has a quick ratio of 3.62, a current ratio of 3.62 and a leverage ratio of 0, 08. The company has a 50-day moving average price of $36.66 and a 200-day moving average price of $44.90. The company has a market capitalization of $3.98 billion, a P/E ratio of -57.30 and a beta of 0.91. nCino, Inc. has a 52-week low of $23.94 and a 52-week high of $79.43.
nCino (NASDAQ:NCNO – Get Rating) last released its quarterly results on Wednesday, June 1. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company posted revenue of $94.21 million for the quarter, versus a consensus estimate of $91.42 million. nCino had a negative return on equity of 13.52% and a negative net margin of 21.30%. The company’s revenue for the quarter increased 51.1% year over year. During the same period of the previous year, the company posted an EPS of ($0.11). On average, stock analysts expect nCino, Inc. to post -0.62 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Allspring Global Investments Holdings LLC acquired a new equity stake in nCino during Q4 valued at approximately $27,000. Tilia Fiduciary Partners Inc. acquired a new equity stake in nCino during Q1 valued at approximately $39,000. Rockefeller Capital Management LP acquired a new equity stake in nCino during Q3 worth approximately $45,000. Prospera Financial Services Inc acquired a new equity stake in nCino during Q1 worth approximately $45,000. Finally, the Canada Pension Plan Investment Board acquired a new equity stake in nCino during the 4th quarter worth approximately $49,000.
NCNO has been the subject of a number of recent research reports. Robert W. Baird reduced his price target on nCino from $60.00 to $55.00 in a Monday, April 4 research note. On Friday, Zacks Investment Research downgraded nCino from a “hold” rating to a “sell” rating. Piper Sandler cut her price target on nCino from $55.00 to $50.00 and set an “overweight” rating for the company in a Thursday, June 2 research note. KeyCorp reduced its price target on nCino from $60.00 to $45.00 and set an “overweight” rating for the company in a Thursday, June 2 research note. Finally, Barclays raised its price target on nCino from $38.00 to $39.00 and gave the stock an “equal weight” rating in a Thursday, June 2 research note. One equity research analyst has assigned the stock a sell rating, three have assigned a hold rating and seven have assigned the stock a buy rating. Based on data from MarketBeat.com, nCino has a consensus rating of “Buy” and an average price target of $54.78.
nCino Company Profile (Get an assessment)
nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and around the world. Its nCino Bank operating system, a tenant cloud platform, which digitizes, automates and streamlines complex processes and workflows; and uses data analytics, artificial intelligence, and machine learning (AI/ML) to enable banks and credit unions to onboard new customers, make loans, and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.
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