Neuberger Berman Group LLC Boosts Holdings in nCino Inc. $NCNO

Neuberger Berman Group LLC boosted its position in nCino Inc. (NASDAQ:NCNO) by 29.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,653 shares of the company’s stock after acquiring an additional 21,780 shares during the quarter. Neuberger Berman Group LLC owned 0.08% of nCino worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NCNO. Advisors Asset Management Inc. increased its holdings in nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of nCino during the 2nd quarter valued at about $42,000. Covestor Ltd lifted its position in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after acquiring an additional 517 shares in the last quarter. Quantbot Technologies LP purchased a new position in nCino in the 1st quarter worth approximately $102,000. Finally, Parallel Advisors LLC grew its position in nCino by 23.8% in the second quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock valued at $119,000 after acquiring an additional 816 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at nCino

In other news, CFO Gregory Orenstein sold 4,353 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $112,350.93. Following the completion of the sale, the chief financial officer owned 461,746 shares in the company, valued at $11,917,664.26. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pierre Naude sold 4,881 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $125,978.61. Following the completion of the sale, the director directly owned 1,187,580 shares of the company’s stock, valued at $30,651,439.80. The trade was a 0.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,940,562 shares of company stock worth $118,143,440. 5.70% of the stock is currently owned by insiders.

nCino Stock Performance

Shares of NCNO opened at $24.70 on Friday. The firm has a 50-day moving average of $25.85 and a 200-day moving average of $27.44. The company has a market cap of $2.86 billion, a PE ratio of -85.17, a price-to-earnings-growth ratio of 15.52 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. nCino Inc. has a one year low of $18.75 and a one year high of $42.88.

nCino (NASDAQ:NCNO) last posted its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The company had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

NCNO has been the subject of several recent research reports. Truist Financial upped their price target on shares of nCino from $27.00 to $32.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. Citigroup reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, August 27th. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. Needham & Company LLC upped their price target on nCino from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Finally, UBS Group restated a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.94.

nCino Company Profile

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.