First Bank & Trust Sells 357 Shares of nCino, Inc. (NASDAQ:NCNO)

First Bank & Trust reduced its position in shares of nCino, Inc. (NASDAQ:NCNO) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,831 shares of the company’s stock after selling 357 shares during the period. First Bank & Trust’s holdings in nCino were worth $311,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in nCino in the 2nd quarter worth about $26,000. Benjamin F. Edwards & Company Inc. grew its position in nCino by 97.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock valued at $87,000 after buying an additional 1,358 shares during the period. Covestor Ltd increased its holdings in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after buying an additional 625 shares during the last quarter. Amalgamated Bank raised its position in nCino by 28.1% in the second quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock worth $163,000 after acquiring an additional 1,134 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after purchasing an additional 2,677 shares during the period. Institutional investors own 94.76% of the company’s stock.

nCino Stock Performance

NASDAQ:NCNO opened at $37.83 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -122.03, a PEG ratio of 30.64 and a beta of 0.59. nCino, Inc. has a 1 year low of $27.27 and a 1 year high of $38.48. The stock’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $31.66.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The company had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $131.06 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. nCino’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeff Horing sold 50,000 shares of nCino stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $33.30, for a total value of $1,665,000.00. Following the completion of the transaction, the director now owns 17,502,574 shares in the company, valued at approximately $582,835,714.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Jeff Horing sold 50,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $33.30, for a total value of $1,665,000.00. Following the sale, the director now owns 17,502,574 shares of the company’s stock, valued at approximately $582,835,714.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory Orenstein sold 3,885 shares of nCino stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares of the company’s stock, valued at approximately $9,705,064.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,102,466 shares of company stock worth $146,370,589. 28.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on NCNO shares. Stephens reissued an “equal weight” rating and set a $35.00 price target on shares of nCino in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $43.00 target price on shares of nCino in a report on Wednesday, August 28th. Needham & Company LLC decreased their target price on shares of nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $42.00 in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.82.

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.