nCino, Inc. (NASDAQ:NCNO) insider Gregory Orenstein sold 26,500 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $68.83, for a total value of $1,823,995.00. Following the completion of the sale, the insider now directly owns 27,266 shares in the company, valued at $1,876,718.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of nCino stock opened at $70.61 on Thursday. The stock has a 50-day moving average price of $69.49 and a 200 day moving average price of $74.69. nCino, Inc. has a 1 year low of $57.38 and a 1 year high of $103.95.
nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. On average, research analysts forecast that nCino, Inc. will post -0.46 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of nCino by 66.0% in the 4th quarter. HighTower Advisors LLC now owns 15,631 shares of the company’s stock valued at $1,135,000 after acquiring an additional 6,212 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of nCino in the 4th quarter valued at approximately $2,244,000. Accenture plc bought a new position in shares of nCino in the 4th quarter valued at approximately $80,456,000. Advisors Capital Management LLC raised its stake in shares of nCino by 6.4% in the 4th quarter. Advisors Capital Management LLC now owns 73,857 shares of the company’s stock valued at $5,347,000 after acquiring an additional 4,437 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of nCino in the 4th quarter valued at approximately $11,586,000. 34.07% of the stock is owned by institutional investors.
NCNO has been the topic of several analyst reports. Barclays dropped their target price on nCino from $92.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, March 29th. Needham & Company LLC decreased their price target on nCino from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 1st. They noted that the move was a valuation call. Zacks Investment Research cut nCino from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird began coverage on nCino in a research report on Wednesday, February 17th. They issued a “neutral” rating and a $85.00 price target for the company. Finally, Piper Sandler increased their price target on nCino from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. nCino presently has an average rating of “Buy” and a consensus target price of $86.63.
nCino, Inc, a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions.
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