Insider Selling: nCino, Inc. (NASDAQ:NCNO) Director Sells 2,498 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director Insight Holdings Group, Llc sold 2,498 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $31.51, for a total value of $78,711.98. Following the transaction, the director now directly owns 2,025,991 shares of the company’s stock, valued at $63,838,976.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Friday, June 21st, Insight Holdings Group, Llc sold 195,292 shares of nCino stock. The stock was sold at an average price of $31.60, for a total transaction of $6,171,227.20.
• On Monday, June 24th, Insight Holdings Group, Llc sold 138,319 shares of nCino stock. The shares were sold at an average price of $31.53, for a total value of $4,361,198.07.
• On Monday, April 1st, Insight Holdings Group, Llc sold 1,031,659 shares of nCino stock. The stock was sold at an average price of $35.20, for a total transaction of $36,314,396.80.

nCino Price Performance

nCino stock traded down $0.11 on Thursday, reaching $31.36. The company’s stock had a trading volume of 1,632,142 shares, compared to its average volume of 954,761. nCino, Inc. has a twelve month low of $27.13 and a twelve month high of $37.48. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -101.52, a PEG ratio of 17.19 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $30.72 and its 200 day moving average price is $31.52.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.05 earnings per share for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. The firm had revenue of $128.09 million during the quarter, compared to analysts’ expectations of $126.59 million. Equities analysts expect that nCino, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods began coverage on shares of nCino in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target for the company. Piper Sandler reduced their price objective on shares of nCino from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective on shares of nCino in a research note on Thursday, May 30th. Morgan Stanley boosted their price target on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, nCino has an average rating of “Moderate Buy” and a consensus price target of $35.64.

Institutional Investors Weigh In On nCino

Several institutional investors have recently modified their holdings of the business. Untitled Investments LP boosted its position in shares of nCino by 3.0% in the 1st quarter. Untitled Investments LP now owns 891,248 shares of the company’s stock worth $33,315,000 after purchasing an additional 26,260 shares during the last quarter. Washington Harbour Partners LP raised its holdings in nCino by 17.1% during the 1st quarter. Washington Harbour Partners LP now owns 68,604 shares of the company’s stock worth $2,564,000 after buying an additional 10,000 shares during the period. Motley Fool Asset Management LLC bought a new stake in nCino in the 1st quarter valued at $1,196,000. Silvercrest Asset Management Group LLC lifted its stake in nCino by 18.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 454,249 shares of the company’s stock valued at $16,980,000 after acquiring an additional 71,744 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in nCino by 83.7% during the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after purchasing an additional 421,500 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

About nCino

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.