24,962 Shares in nCino, Inc. (NASDAQ:NCNO) Bought by Olympiad Research LP

Olympiad Research LP purchased a new stake in shares of nCino, Inc. (NASDAQ:NCNO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,962 shares of the company’s stock, valued at approximately $789,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in nCino by 8.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company’s stock worth $244,766,000 after acquiring an additional 635,064 shares during the period. Vanguard Group Inc. raised its position in shares of nCino by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,122,722 shares of the company’s stock valued at $266,247,000 after buying an additional 148,390 shares during the last quarter. Long Path Partners LP raised its position in shares of nCino by 151.1% in the second quarter. Long Path Partners LP now owns 2,590,135 shares of the company’s stock valued at $81,460,000 after buying an additional 1,558,529 shares during the last quarter. Meritage Group LP raised its position in shares of nCino by 2.3% in the first quarter. Meritage Group LP now owns 1,750,954 shares of the company’s stock valued at $65,451,000 after buying an additional 39,828 shares during the last quarter. Finally, Capital International Investors acquired a new stake in shares of nCino in the first quarter valued at about $60,703,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Trading Up 6.9 %

Shares of NCNO stock opened at $40.15 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $4.64 billion, a PE ratio of -148.70, a price-to-earnings-growth ratio of 30.53 and a beta of 0.55. The company has a 50-day moving average of $32.97 and a two-hundred day moving average of $32.05. nCino, Inc. has a 1-year low of $27.47 and a 1-year high of $40.60.

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

Insiders Place Their Bets

In other nCino news, Director Jeff Horing sold 800,002 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $33.16, for a total transaction of $26,528,066.32. Following the completion of the transaction, the director now owns 16,649,942 shares of the company’s stock, valued at $552,112,076.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Gregory Orenstein sold 3,885 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $35.05, for a total value of $136,169.25. Following the completion of the transaction, the chief financial officer now owns 276,892 shares of the company’s stock, valued at approximately $9,705,064.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeff Horing sold 800,002 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $33.16, for a total transaction of $26,528,066.32. Following the completion of the transaction, the director now directly owns 16,649,942 shares of the company’s stock, valued at approximately $552,112,076.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,035,584 shares of company stock valued at $144,146,625 over the last 90 days. 28.40% of the stock is owned by company insiders.

Analyst Ratings Changes

NCNO has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $43.00 target price on shares of nCino in a research report on Wednesday, August 28th. Truist Financial reiterated a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of nCino in a research report on Monday, October 21st. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. Needham & Company LLC dropped their price objective on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and upped their price objective for the company from $34.00 to $42.00 in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price 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.