Insight Holdings Group, Llc Sells 1,981,514 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Insight Holdings Group, Llc sold 1,981,514 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $31.08, for a total value of $61,585,455.12. Following the transaction, the director now directly owns 1,545,347 shares in the company, valued at approximately $48,029,384.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Wednesday, June 26th, Insight Holdings Group, Llc sold 2,498 shares of nCino stock. The stock was sold at an average price of $31.51, for a total value of $78,711.98.
• On Friday, June 21st, Insight Holdings Group, Llc sold 195,292 shares of nCino stock. The stock was sold at an average price of $31.60, for a total value of $6,171,227.20.
• On Monday, June 24th, Insight Holdings Group, Llc sold 138,319 shares of nCino stock. The stock was sold at an average price of $31.53, for a total value of $4,361,198.07.

nCino Price Performance

NASDAQ NCNO traded down $0.04 on Monday, reaching $31.33. 1,210,965 shares of the stock traded hands, compared to its average volume of 959,332. The firm’s fifty day simple moving average is $31.09 and its 200 day simple moving average is $31.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -101.05, a P/E/G ratio of 17.11 and a beta of 0.59. nCino, Inc. has a 12 month low of $27.13 and a 12 month high of $37.48.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $128.09 million during the quarter, compared to analyst estimates of $126.59 million. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. As a group, research analysts predict that nCino, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NCNO shares. Morgan Stanley increased their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and set a $38.00 price target on shares of nCino in a research report on Monday, July 1st. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of nCino in a research report on Thursday, May 30th. Keefe, Bruyette & Woods initiated coverage on nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price target on the stock. Finally, William Blair restated an “outperform” rating on shares of nCino in a research report on Wednesday, June 26th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, nCino currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Hedge Funds Weigh In On nCino

Institutional investors have recently bought and sold shares of the stock. Graham Capital Management L.P. bought a new position in shares of nCino in the third quarter worth about $393,000. American Century Companies Inc. increased its stake in shares of nCino by 3.7% in the third quarter. American Century Companies Inc. now owns 615,021 shares of the company’s stock worth $19,558,000 after purchasing an additional 22,015 shares during the period. Baker Tilly Wealth Management LLC increased its stake in shares of nCino by 11.5% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 18,023 shares of the company’s stock worth $606,000 after purchasing an additional 1,852 shares during the period. First Bank & Trust increased its stake in shares of nCino by 4.1% in the fourth quarter. First Bank & Trust now owns 9,970 shares of the company’s stock worth $335,000 after purchasing an additional 395 shares during the period. Finally, Raymond James & Associates increased its stake in shares of nCino by 6.8% in the fourth quarter. Raymond James & Associates now owns 346,306 shares of the company’s stock worth $11,646,000 after purchasing an additional 22,145 shares during the period. 94.76% of the stock is currently owned by institutional investors.

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.