nCino Inc. $NCNO Shares Sold by UBS Group AG

UBS Group AG lessened its position in shares of nCino Inc. (NASDAQ:NCNO) by 19.8% in the 4th quarter, HoldingsChannel reports. The fund owned 902,367 shares of the company’s stock after selling 222,958 shares during the period. UBS Group AG’s holdings in nCino were worth $23,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NCNO. Ranger Investment Management L.P. boosted its stake in nCino by 48.2% during the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after purchasing an additional 376,506 shares during the period. Vanguard Group Inc. boosted its stake in nCino by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after purchasing an additional 201,499 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in nCino during the 3rd quarter worth $1,397,000. Cramer Rosenthal Mcglynn LLC boosted its stake in nCino by 19.8% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock worth $10,175,000 after purchasing an additional 62,142 shares during the period. Finally, Shannon River Fund Management LLC grew its stake in shares of nCino by 27.4% in the 3rd quarter. Shannon River Fund Management LLC now owns 1,578,896 shares of the company’s stock valued at $42,804,000 after purchasing an additional 339,863 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nCino

In other nCino news, Director Pierre Naude sold 35,650 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $642,413.00. Following the completion of the sale, the director owned 1,108,473 shares in the company, valued at $19,974,683.46. The trade was a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider April Rieger sold 9,693 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $174,667.86. Following the transaction, the insider owned 383,601 shares of the company’s stock, valued at $6,912,490.02. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 164,918 shares of company stock valued at $2,900,939 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

nCino Stock Performance

NASDAQ:NCNO opened at $17.75 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $16.60 and a two-hundred day moving average price of $21.13. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92. The company has a market capitalization of $1.93 billion, a P/E ratio of 355.00 and a beta of 0.72.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million for the quarter, compared to analysts’ expectations of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. As a group, research analysts expect that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Needham & Company LLC cut their price target on shares of nCino from $38.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group cut their price target on shares of nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Truist Financial cut their price target on shares of nCino from $27.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.07.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.