Gregory Orenstein Sells 5,110 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,110 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $156,519.30. Following the sale, the chief financial officer now owns 290,136 shares of the company’s stock, valued at approximately $8,886,865.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, April 8th, Gregory Orenstein sold 2,410 shares of nCino stock. The shares were sold at an average price of $34.41, for a total transaction of $82,928.10.

nCino Stock Performance

nCino stock opened at $31.34 on Wednesday. nCino, Inc. has a 12-month low of $21.32 and a 12-month high of $37.48. The firm’s fifty day moving average price is $31.16 and its 200 day moving average price is $31.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -82.47, a price-to-earnings-growth ratio of 25.04 and a beta of 0.57.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The business had revenue of $123.69 million during the quarter, compared to analyst estimates of $124.58 million. On average, research analysts forecast that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On nCino

Several large investors have recently modified their holdings of NCNO. Susquehanna Fundamental Investments LLC bought a new stake in nCino in the first quarter valued at about $355,000. Oppenheimer Asset Management Inc. increased its holdings in shares of nCino by 8.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock valued at $377,000 after acquiring an additional 800 shares during the last quarter. Mesirow Institutional Investment Management Inc. raised its position in shares of nCino by 6.1% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after acquiring an additional 719 shares in the last quarter. FORA Capital LLC bought a new position in nCino during the first quarter worth $620,000. Finally, Precision Wealth Strategies LLC boosted its holdings in nCino by 7.3% in the first quarter. Precision Wealth Strategies LLC now owns 11,894 shares of the company’s stock worth $445,000 after purchasing an additional 809 shares during the period. Institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NCNO shares. Piper Sandler reiterated an “overweight” rating and issued a $42.00 price objective on shares of nCino in a research report on Wednesday, March 27th. Needham & Company LLC raised their price objective on shares of nCino from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods initiated coverage on shares of nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Finally, Morgan Stanley upped their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.91.

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.