Ncino Inc. (NASDAQ: NCNO) is 11.15% higher on its value in year-to-date trading and has touched a low of $21.26 and a high of $36.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NCNO stock was last observed hovering at around $35.90 in the last trading session, with the day’s gains setting it 1.48%.
Currently trading at $37.38, the stock is 24.23% and 21.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 4.12% at the moment leaves the stock 22.53% off its SMA200. NCNO registered 67.17% gain for a year compared to 6-month gain of 27.79%. The firm has a 50-day simple moving average (SMA 50) of $8.88 and a 200-day simple moving average (SMA200) of $567.00.
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The stock witnessed a 25.69% loss in the last 1 month and extending the period to 3 months gives it a 10.69%, and is 23.00% up 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 3.58% over the week and 2.82% over the month.
Ncino Inc. (NCNO) has around 1653 employees, a market worth around $4.27B and $476.54M in sales. Fwd P/E is 44.24. Profit margin for the company is -8.89%. Distance from 52-week low is 75.82% and 1.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.79%).
Ncino Inc. quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $126.79M over the same period.The EPS is expected to grow by 25.91% this year, but quarterly earnings will post 13.60% year-over-year.
Ncino Inc. (NCNO) Top Institutional Holders
295 institutions hold shares in Ncino Inc. (NCNO), with institutional investors hold 98.58% of the company’s shares. The shares outstanding are 113.68M, and float is at 65.00M with Short Float at 6.96%. Institutions hold 95.17% of the Float.
The top institutional shareholder in the company is Insight Holdings Group, LLC with over 39.12 million shares valued at $1.18 billion. The investor’s holdings represent 34.65% of the NCNO Shares outstanding. As of Jun 29, 2023, the second largest holder is HMI Capital Management, LP with 8.17 million shares valued at $245.97 million to account for 7.23% of the shares outstanding. The other top investors are Dragoneer Investment Group, LLC which holds 8.15 million shares representing 7.22% and valued at over $245.57 million, while Kayne Anderson Rudnick Investment Management LLC holds 7.05% of the shares totaling 7.96 million with a market value of $239.7 million.
Ncino Inc. (NCNO) Insider Activity
The most recent transaction is an insider sale by Sellers Jeanette,the company’sVP of Accounting. SEC filings show that Sellers Jeanette sold 894 shares of the company’s common stock on Feb 07 ’24 at a price of $31.18 per share for a total of $27875.0. Following the sale, the insider now owns 20770.0 shares.
Ncino Inc. disclosed in a document filed with the SEC on Feb 06 ’24 that Naude Pierre (CEO) sold a total of 5,526 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $31.00 per share for $0.17 million. Following the transaction, the insider now directly holds 1.01 million shares of the NCNO stock.
Still, SEC filings show that on Feb 06 ’24, Glover Joshua L (President & Chief Rev Officer) disposed off 1,898 shares at an average price of $31.00 for $58834.0. The insider now directly holds 364,532 shares of Ncino Inc. (NCNO).
