Landscape Capital Management L.L.C. Purchases New Shares in nCino, Inc. (NASDAQ:NCNO)

Landscape Capital Management L.L.C. acquired a new position in shares of nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,461 shares of the company’s stock, valued at approximately $486,000.

A number of other hedge funds have also bought and sold shares of NCNO. Asset Management One Co. Ltd. lifted its holdings in shares of nCino by 16.5% in the 4th 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. Victory Capital Management Inc. lifted its stake in nCino by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after purchasing an additional 340 shares during the last quarter. Berry Wealth Group LP lifted its stake in nCino by 5.1% in the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after purchasing an additional 400 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of nCino by 2.2% during the fourth quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock valued at $772,000 after buying an additional 500 shares during the period. Finally, Precision Wealth Strategies LLC grew its stake in shares of nCino by 5.3% during the fourth quarter. Precision Wealth Strategies LLC now owns 14,278 shares of the company’s stock valued at $479,000 after buying an additional 714 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC dropped their price objective on nCino from $45.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of nCino in a research report on Monday, February 3rd. Piper Sandler cut their price target on shares of nCino from $38.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. UBS Group set a $40.00 price objective on shares of nCino in a report on Friday, March 28th. Finally, Stephens restated an “equal weight” rating and issued a $38.00 target price on shares of nCino in a research note on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.33.

Insider Buying and Selling at nCino

In other news, insider April Rieger sold 4,325 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $140,995.00. Following the completion of the sale, the insider now owns 145,953 shares in the company, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares in the company, valued at approximately $9,991,150.20. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,988 shares of company stock worth $2,294,561 over the last three months. Corporate insiders own 28.40% of the company’s stock.

nCino Trading Down 1.2 %

Shares of NASDAQ:NCNO opened at $21.45 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.48 billion, a PE ratio of -126.17, a P/E/G ratio of 5.77 and a beta of 0.69. nCino, Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The business’s fifty day simple moving average is $30.58 and its 200-day simple moving average is $34.03.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $141.37 million during the quarter, compared to the consensus estimate of $140.81 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities research analysts predict that nCino, Inc. will post 0.12 earnings per share for the current fiscal year.

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

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.