2 weeks Ago By Defense World Staff
LPL Financial LLC trimmed its position in nCino, Inc. ( NASDAQ:NCNO – Free Report ) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 44,745 shares of the company’s stock after selling 1,282 shares during the period. LPL Financial LLC’s holdings in nCino were worth $1,503,000 as of its most recent SEC filing. A number of other large investors have also made changes to their positions in the company.
KLP Kapitalforvaltning AS bought a new stake in nCino during the fourth quarter valued at approximately $608,000. Sei Investments Co. grew its position in shares of nCino by 59.
5% during the 4th quarter. Sei Investments Co. now owns 533,747 shares of the company’s stock valued at $17,923,000 after acquiring an additional 199,124 shares during the period.
American Century Companies Inc. increased its stake in shares of nCino by 9.2% in the 4th quarter.
American Century Companies Inc. now owns 999,761 shares of the company’s stock worth $33,572,000 after purchasing an additional 83,953 shares in the last quarter. Northwest & Ethical Investments L.
P. increased its stake in shares of nCino by 66.7% in the 4th quarter.
Northwest & Ethical Investments L.P. now owns 8,000 shares of the company’s stock worth $268,000 after purchasing an additional 3,200 shares in the last quarter.
Finally, Nicholas Company Inc. raised its holdings in nCino by 7.9% in the 4th quarter.
Nicholas Company Inc. now owns 203,627 shares of the company’s stock worth $6,838,000 after purchasing an additional 14,829 shares during the period. 94.
76% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In A number of analysts have commented on NCNO shares. Bank of America raised their price objective on nCino from $22.
00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, April 10th. Truist Financial cut shares of nCino from a “buy” rating to a “hold” rating and decreased their target price for the stock from $44.
00 to $21.00 in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered shares of nCino from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.
00 to $24.00 in a research report on Wednesday, April 2nd. KeyCorp restated a “sector weight” rating on shares of nCino in a research report on Monday, February 3rd.
Finally, Morgan Stanley dropped their target price on shares of nCino from $39.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd.
Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, nCino presently has a consensus rating of “Hold” and a consensus target price of $30.60.
Insider Transactions at nCino In other nCino news, CEO Sean Desmond sold 2,301 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $22.31, for a total transaction of $51,335.
31. Following the completion of the transaction, the chief executive officer now owns 296,296 shares in the company, valued at $6,610,363.76.
The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link .
Also, insider April Rieger sold 7,881 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $20.86, for a total value of $164,397.
66. Following the completion of the sale, the insider now owns 138,072 shares in the company, valued at approximately $2,880,181.92.
The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 110,012 shares of company stock worth $2,694,676. 28.40% of the stock is currently owned by company insiders.
nCino Trading Up 0.1 % Shares of NCNO opened at $23.95 on Friday.
The stock has a market capitalization of $2.79 billion, a PE ratio of -140.87, a P/E/G ratio of 5.
77 and a beta of 0.69. The company’s fifty day moving average is $28.
38 and its 200 day moving average is $33.41. The company has a debt-to-equity ratio of 0.
20, a quick ratio of 1.95 and a current ratio of 1.95.
nCino, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $43.
20. nCino ( NASDAQ:NCNO – Get Free Report ) last posted its earnings results on Tuesday, April 1st. The company reported $0.
12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06).
The business had revenue of $141.37 million during the quarter, compared to the consensus estimate of $140.81 million.
nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%.
The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.
21 earnings per share. Sell-side analysts expect that nCino, Inc. will post 0.
12 earnings per share for the current fiscal year. nCino announced that its board has authorized a stock repurchase program on Tuesday, April 1st that allows the company to buyback $100.00 million in shares.
This buyback authorization allows the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
About nCino ( Free Report ) 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. See Also Five stocks we like better than nCino Manufacturing Stocks Investing Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally 3 Natural Gas Stocks That Offer Great Dividend Yields Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.
S. Dollar Growth Stocks: What They Are, What They Are Not Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk Want to see what other hedge funds are holding NCNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nCino, Inc.
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