nCino Inc. (NASDAQ: NCNO) is -1.49% lower on its value in year-to-date trading and has touched a low of $65.32 and a high of $103.95 in the current 52-week trading range. The NCNO stock was last observed hovering at around $73.06 in the last trading session, with the day’s loss setting it -1.73% off its average median price target of $95.00 for the next 12 months. It is also 28.67% off the consensus price target high of $100.00 offered by 7 analysts, but current levels are 20.74% higher than the price target low of $90.00 for the same period.
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Currently trading at $71.33, the stock is -6.14% and -7.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing -2.37% at the moment leaves the stock -8.75% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $78.55 and a 200-day simple moving average (SMA200) of $78.17.
The stock witnessed a -16.80% In the last 1 month and extending the period to 3 months gives it a -10.68%, and is -0.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.47% over the week and 5.61% over the month.
nCino Inc. (NCNO) has around 991 employees, a market worth around $6.43B and $186.20M in sales. Profit margin for the company is -20.50%. Distance from 52-week low is 9.20% and -31.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.20%).
nCino Inc. (NCNO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for nCino Inc. (NCNO) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
nCino Inc. is expected to release its quarterly report on 03/31/2021 and quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $53.24M over the same period.The EPS is expected to shrink by -23.70% this year.
nCino Inc. (NCNO) Top Institutional Holders
167 institutions hold shares in nCino Inc. (NCNO), with 1.41M shares held by insiders accounting for 1.53% while institutional investors hold 74.93% of the company’s shares. The shares outstanding are 91.60M, and float is at 90.89M with Short Float at 3.40%. Institutions hold 73.79% of the Float.
The top institutional shareholder in the company is Salesforce Com Inc with over 10.76 million shares valued at $857.39 million. The investor’s holdings represent 11.66% of the NCNO Shares outstanding. As of Sep 29, 2020, the second largest holder is Wellington Management Company, LLP with 7.72 million shares valued at $614.76 million to account for 8.36% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 5.13 million shares representing 5.56% and valued at over $409.02 million, while Kayne Anderson Rudnick Investment Management LLC holds 2.58% of the shares totaling 2.38 million with a market value of $189.95 million.
nCino Inc. (NCNO) Insider Activity
A total of 31 insider transactions have happened at nCino Inc. (NCNO) in the last six months, with sales accounting for 17 and purchases happening 14 times. The most recent transaction is an insider sale by Sellers Jeanette, the company’s VP of Accounting. SEC filings show that Sellers Jeanette sold 11,934 shares of the company’s common stock on Oct 13 at a price of $72.00 per share for a total of $0.86 million. Following the sale, the insider now owns 850.0 shares.
nCino Inc. disclosed in a document filed with the SEC on Oct 13 that HORING JEFF (Director) sold a total of 4,814,802 shares of the company’s common stock. The trade occurred on Oct 13 and was made at $72.00 per share for $346.67 million. Following the transaction, the insider now directly holds 33.2 million shares of the NCNO stock.
Still, SEC filings show that on Oct 13, Insight Holdings Group, LLC (10% Owner) disposed off 2,232,751 shares at an average price of $72.00 for $160.76 million. The insider now directly holds 3,296,101 shares of nCino Inc. (NCNO).