nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $77.50, for a total value of $1,550,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NCNO opened at $75.45 on Tuesday. The business has a 50-day moving average of $66.12 and a 200 day moving average of $64.61. nCino, Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $90.22. The firm has a market cap of $7.26 billion, a P/E ratio of -145.09 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.96 and a current ratio of 2.96.
nCino (NASDAQ:NCNO) last posted its earnings results on Tuesday, August 31st. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. nCino had a negative return on equity of 8.95% and a negative net margin of 21.39%. The business had revenue of $66.50 million during the quarter, compared to analyst estimates of $63.72 million. The company’s revenue was up 36.3% compared to the same quarter last year. As a group, research analysts predict that nCino, Inc. will post -0.54 earnings per share for the current fiscal year.
A number of research firms have recently commented on NCNO. Needham & Company LLC lifted their target price on nCino from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 2nd. Zacks Investment Research upgraded nCino from a “sell” rating to a “hold” rating in a research note on Wednesday, August 4th. Barclays lifted their target price on nCino from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 2nd. Wells Fargo & Company began coverage on nCino in a research note on Wednesday, June 9th. They set an “equal weight” rating and a $70.00 target price on the stock. Finally, Barrington Research lifted their target price on nCino from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.40.
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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