Nomura Holdings Inc. Makes New Investment in nCino, Inc. (NASDAQ:NCNO)

Nomura Holdings Inc. bought a new position in nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,287 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after purchasing an additional 3,062 shares during the period. Advisory Services Network LLC purchased a new position in shares of nCino during the fourth quarter valued at $171,000. Raymond James Financial Services Advisors Inc. acquired a new position in nCino during the fourth quarter valued at $228,000. Victory Capital Management Inc. lifted its stake in nCino by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 8,209 shares of the company’s stock worth $276,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in nCino during the 3rd quarter worth about $335,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at nCino

In other news, Director Pamela Kilday sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.48, for a total value of $36,480.00. Following the sale, the director now owns 20,930 shares in the company, valued at $763,526.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Pamela Kilday sold 1,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.48, for a total value of $36,480.00. Following the completion of the sale, the director now owns 20,930 shares in the company, valued at $763,526.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeff Horing sold 1,871,828 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.51, for a total value of $58,981,300.28. Following the transaction, the director now owns 27,141,639 shares in the company, valued at $855,233,044.89. The disclosure for this sale can be found here. Insiders sold a total of 3,015,064 shares of company stock worth $98,957,740 over the last three months. 28.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NCNO has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Stephens reiterated an “equal weight” rating and set a $35.00 price objective on shares of nCino in a report on Thursday, May 30th. Keefe, Bruyette & Woods initiated coverage on nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 target price on the stock. Robert W. Baird cut their price target on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Finally, William Blair reissued an “outperform” rating on shares of nCino in a research note on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and an average target price of $35.64.

nCino Price Performance

NASDAQ NCNO opened at $31.69 on Monday. The company has a market cap of $3.65 billion, a P/E ratio of -102.22, a P/E/G ratio of 16.37 and a beta of 0.59. nCino, Inc. has a 1 year low of $27.13 and a 1 year high of $37.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $30.64 and a 200 day simple moving average of $31.49.

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. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The company had revenue of $128.09 million for the quarter, compared to the consensus estimate of $126.59 million. On average, sell-side analysts predict that nCino, Inc. will post 0.08 EPS for the current year.

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.