Nomura Holdings Inc. bought a new position in nCino, Inc. (NASDAQ:NCNO – Free Report) 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
Read Our Latest Analysis on NCNO
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 – Get Free Report) 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.
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