Atria Investments LLC acquired a new position in nCino, Inc. (NASDAQ:NCNO – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 31,132 shares of the company's stock, valued at approximately $1,062,000.
A number of other large investors have also made changes to their positions in the company. Wipfli Financial Advisors LLC purchased a new position in shares of nCino during the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. lifted its holdings in nCino by 58.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,632 shares of the company's stock worth $49,000 after purchasing an additional 604 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in nCino by 47.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company's stock worth $141,000 after purchasing an additional 1,111 shares in the last quarter. MetLife Investment Management LLC purchased a new position in nCino in the 1st quarter worth approximately $149,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in nCino by 42.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,760 shares of the company's stock worth $147,000 after purchasing an additional 1,424 shares in the last quarter. 88.69% of the stock is currently owned by institutional investors.
Get nCino alerts:nCino Stock Up 2.8 %
Shares of nCino stock opened at $27.27 on Friday. The stock's fifty day moving average is $26.37 and its two-hundred day moving average is $30.44. The company has a market capitalization of $3.03 billion, a PE ratio of -33.67 and a beta of 0.30. nCino, Inc. has a 52 week low of $22.97 and a 52 week high of $55.40.
nCino (NASDAQ:NCNO – Get Rating) last announced its quarterly earnings data on Wednesday, November 30th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $105.30 million for the quarter, compared to the consensus estimate of $103.45 million. nCino had a negative return on equity of 15.41% and a negative net margin of 23.69%. As a group, research analysts anticipate that nCino, Inc. will post -0.63 earnings per share for the current year.Analyst Upgrades and Downgrades
A number of research firms recently commented on NCNO. Morgan Stanley lowered their price target on nCino from $50.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, December 1st. Scotiabank initiated coverage on nCino in a research note on Monday, October 31st. They issued a "sector outperform" rating and a $42.00 price objective on the stock. Piper Sandler reduced their price objective on nCino from $35.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, January 9th. Macquarie reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of nCino in a research note on Wednesday, November 2nd. Finally, Stephens cut their target price on nCino to $30.00 in a research report on Friday, December 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.27.
Insider Buying and Selling at nCino
In other nCino news, CFO David Rudow sold 12,571 shares of the company's stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $28.95, for a total value of $363,930.45. Following the completion of the sale, the chief financial officer now directly owns 149,390 shares in the company, valued at approximately $4,324,840.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other nCino news, insider Matthew Royce Hansen sold 6,134 shares of the company's stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $26.16, for a total value of $160,465.44. Following the completion of the sale, the insider now directly owns 148,425 shares in the company, valued at approximately $3,882,798. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David Rudow sold 12,571 shares of the company's stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $28.95, for a total value of $363,930.45. Following the completion of the sale, the chief financial officer now owns 149,390 shares of the company's stock, valued at $4,324,840.50. The disclosure for this sale can be found here. Insiders have sold 22,926 shares of company stock valued at $646,594 in the last quarter. 37.20% of the stock is owned by insiders.
About nCino
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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, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.
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