14,461 Shares in nCino, Inc. (NASDAQ:NCNO) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in shares of nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,461 shares of the company’s stock, valued at approximately $486,000.

Several other large investors have also made changes to their positions in the business. Fifth Third Bancorp purchased a new position in shares of nCino during the fourth quarter worth $34,000. Hilltop National Bank purchased a new position in shares of nCino during the 4th quarter valued at about $37,000. Asset Management One Co. Ltd. lifted its holdings in shares of nCino by 16.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after buying an additional 323 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of nCino by 32.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock valued at $152,000 after buying an additional 1,122 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of nCino in the third quarter worth about $189,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider April Rieger sold 4,325 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the transaction, the insider now owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. The trade was a 2.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pierre Naude sold 17,026 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $555,047.60. Following the sale, the director now owns 1,097,213 shares of the company’s stock, valued at approximately $35,769,143.80. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,988 shares of company stock valued at $2,294,561. Insiders own 28.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NCNO shares. Truist Financial downgraded nCino from a “buy” rating to a “hold” rating and decreased their price target for the company from $44.00 to $21.00 in a report on Wednesday, April 2nd. Barclays lowered their price target on shares of nCino from $44.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. UBS Group set a $40.00 price objective on shares of nCino in a report on Friday, March 28th. William Blair lowered shares of nCino from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.33.

nCino Price Performance

Shares of NASDAQ NCNO opened at $21.45 on Monday. The firm has a 50-day simple moving average of $30.58 and a 200-day simple moving average of $34.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -126.17, a price-to-earnings-growth ratio of 5.77 and a beta of 0.69. nCino, Inc. has a 52 week low of $18.75 and a 52 week high of $43.20.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The business had revenue of $141.37 million during the quarter, compared to analyst estimates of $140.81 million. nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities analysts predict that nCino, Inc. will post 0.12 earnings per share for the current fiscal year.

nCino announced that its board has approved a share buyback plan on Tuesday, April 1st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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.