Vanderbilt University Raises Stake in nCino, Inc. (NASDAQ:NCNO)

Vanderbilt University grew its holdings in shares of nCino, Inc. (NASDAQ:NCNO) by 192.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,571 shares of the company’s stock after acquiring an additional 92,481 shares during the quarter. nCino accounts for approximately 0.8% of Vanderbilt University’s holdings, making the stock its 25th biggest holding. Vanderbilt University owned approximately 0.12% of nCino worth $4,441,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NCNO. Crewe Advisors LLC bought a new position in nCino during the 2nd quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of nCino by 97.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $87,000 after buying an additional 1,358 shares during the period. Covestor Ltd raised its holdings in nCino by 29.6% during the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after buying an additional 625 shares during the last quarter. Amalgamated Bank boosted its position in nCino by 28.1% during the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock valued at $163,000 after buying an additional 1,134 shares during the period. Finally, Lazard Asset Management LLC boosted its position in nCino by 145.6% during the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock valued at $168,000 after buying an additional 2,677 shares during the period. 94.76% of the stock is currently owned by institutional investors.

nCino Stock Up 1.2 %

NCNO traded up $0.47 during trading on Monday, reaching $38.30. The stock had a trading volume of 23,884 shares, compared to its average volume of 1,075,862. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -122.03, a P/E/G ratio of 30.64 and a beta of 0.59. The stock’s 50 day moving average is $32.31 and its two-hundred day moving average is $31.65. nCino, Inc. has a one year low of $27.27 and a one year high of $38.48.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The company had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. During the same period last year, the business earned ($0.02) EPS. nCino’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that nCino, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other nCino news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the completion of the transaction, the director now owns 226,201 shares in the company, valued at approximately $8,482,537.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the sale, the chief financial officer now owns 276,892 shares in the company, valued at $9,705,064.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Ruh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now directly owns 226,201 shares of the company’s stock, valued at $8,482,537.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,052,466 shares of company stock worth $144,705,589 in the last 90 days. Insiders own 28.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on NCNO shares. William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, August 28th. Truist Financial restated a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of nCino in a report on Monday, October 21st. Piper Sandler reiterated an “overweight” rating and issued a $38.00 price objective on shares of nCino in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and set a $43.00 target price on shares of nCino in a research note on Wednesday, August 28th. Finally, Stephens restated an “equal weight” rating and set a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.82.

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.