88,679 Shares in nCino, Inc. (NASDAQ:NCNO) Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new stake in nCino, Inc. (NASDAQ:NCNO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 88,679 shares of the company’s stock, valued at approximately $2,725,000. Diversify Wealth Management LLC owned 0.08% of nCino as of its most recent SEC filing.

Several other large investors have also modified their holdings of NCNO. Capital International Investors purchased a new stake in nCino in the first quarter valued at approximately $60,703,000. Norges Bank acquired a new stake in shares of nCino in the fourth quarter valued at $25,336,000. Clearbridge Investments LLC raised its holdings in shares of nCino by 96.1% in the 4th quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock valued at $36,076,000 after buying an additional 525,605 shares during the period. Norden Group LLC lifted its stake in 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. Finally, Bamco Inc. NY boosted its holdings in nCino by 83.7% during the 1st quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock valued at $34,576,000 after acquiring an additional 421,500 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Buying and Selling at nCino

In other nCino news, insider April Rieger sold 8,856 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.23, for a total value of $276,572.88. Following the completion of the transaction, the insider now owns 165,791 shares in the company, valued at $5,177,652.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other nCino news, insider April Rieger sold 8,856 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.23, for a total value of $276,572.88. Following the completion of the transaction, the insider now owns 165,791 shares in the company, valued at $5,177,652.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Insight Holdings Group, Llc sold 195,292 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $31.60, for a total transaction of $6,171,227.20. Following the completion of the transaction, the director now owns 2,057,578 shares of the company’s stock, valued at approximately $65,019,464.80. The disclosure for this sale can be found here. Insiders sold 4,741,422 shares of company stock worth $152,380,666 over the last 90 days. Corporate insiders own 28.40% of the company’s stock.

nCino Stock Performance

Shares of NCNO stock opened at $29.39 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $31.91 and a 200 day moving average price of $31.40. The company has a market cap of $3.38 billion, a P/E ratio of -94.81, a PEG ratio of 22.77 and a beta of 0.58. nCino, Inc. has a 12 month low of $27.13 and a 12 month high of $37.48.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million during the quarter, compared to the consensus estimate of $131.06 million. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Sell-side analysts predict that nCino, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NCNO. William Blair reissued an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. Stephens reiterated an “equal weight” rating and set a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. Macquarie restated an “outperform” rating and issued a $40.00 price target on shares of nCino in a research note on Wednesday, August 28th. Raymond James upgraded nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

nCino Company Profile

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.