Azzad Asset Management Inc. ADV Has $2.72 Million Position in nCino, Inc. (NASDAQ:NCNO)

Azzad Asset Management Inc. ADV lowered its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,706 shares of the company’s stock after selling 2,347 shares during the period. Azzad Asset Management Inc. ADV owned about 0.06% of nCino worth $2,718,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. First Bank & Trust lifted its stake in shares of nCino by 4.1% in the 4th quarter. First Bank & Trust now owns 9,970 shares of the company’s stock valued at $335,000 after purchasing an additional 395 shares during the last quarter. Parkwood LLC lifted its stake in shares of nCino by 6.7% in the 4th quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after purchasing an additional 655 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of nCino by 9.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company’s stock valued at $439,000 after purchasing an additional 1,087 shares during the last quarter. Victory Capital Management Inc. raised its holdings 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 during the period. Finally, Baker Tilly Wealth Management LLC raised its holdings in nCino by 11.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 18,023 shares of the company’s stock worth $606,000 after acquiring an additional 1,852 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Trading Down 0.7 %

NASDAQ NCNO opened at $31.26 on Thursday. nCino, Inc. has a twelve month low of $27.13 and a twelve month high of $37.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day simple moving average is $30.87 and its 200 day simple moving average is $31.55.

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

Insider Buying and Selling at nCino

In other nCino news, Director Jeff Horing sold 133,487 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $31.51, for a total value of $4,206,175.37. Following the transaction, the director now directly owns 24,879,980 shares in the company, valued at $783,968,169.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Jeff Horing sold 133,487 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $31.51, for a total transaction of $4,206,175.37. Following the transaction, the director now directly owns 24,879,980 shares in the company, valued at $783,968,169.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Ruh sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $34.51, for a total transaction of $172,550.00. Following the transaction, the director now owns 251,201 shares in the company, valued at $8,668,946.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,419,488 shares of company stock worth $76,254,732 over the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $38.00 target price on shares of nCino in a report on Monday. Robert W. Baird dropped their target price on shares of nCino from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of nCino in a report on Thursday, May 30th. Keefe, Bruyette & Woods initiated coverage on shares of nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of nCino in a report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, nCino currently has a consensus rating of “Moderate Buy” and an average target price of $35.64.

nCino 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.