Gregory Orenstein Sells 4,353 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 4,353 shares of nCino stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $112,350.93. Following the completion of the transaction, the chief financial officer directly owned 461,746 shares of the company’s stock, valued at $11,917,664.26. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

nCino Trading Up 2.2%

NCNO stock opened at $26.06 on Friday. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $43.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.02 billion, a P/E ratio of -89.86, a PEG ratio of 16.05 and a beta of 0.62. The company’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $27.25.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million during the quarter, compared to analysts’ expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.nCino’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, equities analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a report on Monday, October 27th. Piper Sandler lifted their target price on shares of nCino from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Bank of America upped their price target on shares of nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Citigroup reiterated an “outperform” rating on shares of nCino in a report on Wednesday, August 27th. Finally, Robert W. Baird boosted their price objective on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.94.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Capital Management LLC raised its holdings in nCino by 3.0% in the 3rd quarter. Advisors Capital Management LLC now owns 76,938 shares of the company’s stock valued at $2,086,000 after acquiring an additional 2,266 shares during the last quarter. Readystate Asset Management LP purchased a new stake in shares of nCino in the third quarter valued at approximately $542,000. Vanguard Group Inc. increased its holdings in shares of nCino by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock valued at $323,279,000 after purchasing an additional 201,499 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of nCino by 105.3% in the third quarter. Fifth Third Bancorp now owns 1,915 shares of the company’s stock valued at $52,000 after purchasing an additional 982 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in nCino by 8.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 76,513 shares of the company’s stock worth $2,074,000 after buying an additional 5,866 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

About nCino

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.