nCino, Inc. (NASDAQ:NCNO) CRO Joshua L. Glover sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $62.74, for a total transaction of $1,254,800.00. Following the completion of the sale, the executive now owns 128,675 shares of the company’s stock, valued at approximately $8,073,069.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
NASDAQ NCNO opened at $61.96 on Friday. The stock has a market capitalization of $5.91 billion and a P/E ratio of -112.65. nCino, Inc. has a 52 week low of $48.00 and a 52 week high of $103.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 3.29. The firm’s 50-day simple moving average is $62.91.
nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, June 1st. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $62.36 million for the quarter, compared to the consensus estimate of $59.36 million. nCino had a negative net margin of 23.72% and a negative return on equity of 9.82%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. As a group, equities research analysts expect that nCino, Inc. will post -0.53 EPS for the current fiscal year.
NCNO has been the subject of several recent analyst reports. Barclays reduced their target price on shares of nCino from $92.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, March 29th. Needham & Company LLC reduced their target price on shares of nCino from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, June 3rd. They noted that the move was a valuation call. Robert W. Baird initiated coverage on shares of nCino in a research note on Wednesday, February 17th. They issued a “neutral” rating and a $85.00 target price for the company. G.Research upgraded shares of nCino from a “hold” rating to a “buy” rating in a research report on Friday, May 14th. Finally, Wells Fargo & Company initiated coverage on shares of nCino in a research report on Wednesday. They set an “equal weight” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.22.
nCino Company Profile
nCino, Inc, a software-as-a-service company, provides cloud-based software applications for 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 financial institutions 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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