Ncino Inc. (NASDAQ: NCNO) is 3.03% higher on its value in year-to-date trading and has touched a low of $27.13 and a high of $37.48 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 $35.00 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $34.65, the stock is 5.39% and 7.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -1.00% at the moment leaves the stock 10.39% off its SMA200. NCNO registered 20.10% gain for a year compared to 6-month gain of 16.04%.
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The stock witnessed a 3.31% loss in the last 1 month and extending the period to 3 months gives it a 13.01%, and is 0.81% 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 1.71% over the week and 2.42% over the month.
Ncino Inc. (NCNO) has around 1653 employees, a market worth around $3.99B and $490.96M in sales. Fwd P/E is 39.77. Profit margin for the company is -6.94%. Distance from 52-week low is 27.72% and -7.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.88%).
with sales reaching $131.04M over the same period.The EPS is expected to grow by 33.36% this year, but quarterly earnings will post 13.70% year-over-year.
Ncino Inc. (NCNO) Top Institutional Holders
342.0 institutions hold shares in Ncino Inc. (NCNO), with institutional investors hold 97.03% of the company’s shares. The shares outstanding are 113.68M, and float is at 95.39M with Short Float at 4.13%. Institutions hold 94.09% of the Float.
The top institutional shareholder in the company is INSIGHT HOLDINGS GROUP, LLC with over 25.01 million shares valued at $786.67 million. The investor’s holdings represent 21.9038% of the NCNO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.46 million shares valued at $266.19 million to account for 7.4116 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 7.78 million shares representing 6.8151% and valued at over $244.77 million, while HMI CAPITAL MANAGEMENT, L.P. holds 6.4785 of the shares totaling 7.4 million with a market value of $232.67 million.
Ncino Inc. (NCNO) Insider Activity
The most recent transaction is an insider sale by RUH WILLIAM J, the company’s Director. SEC filings show that RUH WILLIAM J sold 10,000 shares of the company’s common stock on Aug 23 ’24 at a price of $35.00 per share for a total of $0.35 million. Following the sale, the insider now owns 0.24 million shares.
Ncino Inc. disclosed in a document filed with the SEC on Aug 23 ’24 that Orenstein Gregory (CFO & Treasurer) sold a total of 45,114 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $35.03 per share for $1.58 million. Following the transaction, the insider now directly holds 0.28 million shares of the NCNO stock.
Still, SEC filings show that on Aug 26 ’24, Orenstein Gregory (Officer) Proposed Sale 553 shares at an average price of $35.00 for $19355.0. The insider now directly holds shares of Ncino Inc. (NCNO).
