nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein Sells 12,101 Shares

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 12,101 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $20.86, for a total value of $252,426.86. Following the transaction, the chief financial officer now directly owns 259,643 shares in the company, valued at approximately $5,416,152.98. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Gregory Orenstein also recently made the following trade(s):

• On Tuesday, February 4th, Gregory Orenstein sold 5,148 shares of nCino stock. The stock was sold at an average price of $32.60, for a total value of $167,824.80.

nCino Trading Down 1.2 %

NASDAQ:NCNO opened at $21.45 on Friday. The company has a 50-day moving average price of $30.58 and a 200-day moving average price of $34.00. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -126.17, a P/E/G ratio of 5.77 and a beta of 0.69. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12 month low of $18.75 and a 12 month high of $43.20.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company had revenue of $141.37 million during the quarter, compared to analysts’ expectations of $140.81 million. During the same quarter last year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts predict that nCino, Inc. will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has authorized a stock buyback program on Tuesday, April 1st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

NCNO has been the subject of a number of recent research reports. William Blair lowered shares of nCino from an “outperform” rating to a “market perform” rating in a report on Wednesday. UBS Group set a $40.00 price target on shares of nCino in a research report on Friday, March 28th. The Goldman Sachs Group downgraded nCino from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $24.00 in a report on Wednesday. Raymond James dropped their target price on nCino from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Needham & Company LLC decreased their price target on nCino from $45.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.33.

Hedge Funds Weigh In On nCino

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of nCino in the 4th quarter worth about $34,000. Hilltop National Bank purchased a new position in nCino during the fourth quarter valued at $37,000. Johnson Financial Group Inc. bought a new stake in nCino in the fourth quarter worth $57,000. Asset Management One Co. Ltd. grew its stake in shares of nCino by 16.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock worth $78,000 after acquiring an additional 323 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of nCino by 32.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock valued at $152,000 after acquiring an additional 1,122 shares in the last quarter. Institutional investors 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.