Vestmark Advisory Solutions Inc. Has $317,000 Holdings in nCino, Inc. (NASDAQ:NCNO)

Posted by Defense World Staff on Aug 18th, 2023

Vestmark Advisory Solutions Inc. grew its stake in nCino, Inc. (NASDAQ:NCNO – Free Report) by 66.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,810 shares of the company’s stock after buying an additional 5,134 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in nCino were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Treasurer of the State of North Carolina lifted its position in shares of nCino by 1.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 30,229 shares of the company’s stock worth $799,000 after buying an additional 390 shares during the last quarter. State of Wyoming increased its stake in shares of nCino by 56.8% in the fourth quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares during the period. Arizona State Retirement System increased its stake in shares of nCino by 3.3% in the first quarter. Arizona State Retirement System now owns 16,059 shares of the company’s stock worth $398,000 after purchasing an additional 512 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of nCino by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 25,371 shares of the company’s stock worth $865,000 after purchasing an additional 543 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of nCino by 37.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,222 shares of the company’s stock worth $58,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Insider Transactions at nCino

In other news, VP Jeanette Sellers sold 2,765 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $24.19, for a total transaction of $66,885.35. Following the completion of the transaction, the vice president now directly owns 25,526 shares in the company, valued at approximately $617,473.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Jeanette Sellers sold 2,765 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $24.19, for a total transaction of $66,885.35. Following the completion of the transaction, the vice president now directly owns 25,526 shares in the company, valued at approximately $617,473.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joshua L. Glover sold 6,939 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.05, for a total transaction of $208,516.95. Following the completion of the sale, the insider now owns 392,732 shares of the company’s stock, valued at $11,801,596.60. The disclosure for this sale can be found here. Insiders sold a total of 260,737 shares of company stock worth $7,962,121 in the last three months. Insiders own 38.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NCNO shares. Stephens boosted their price target on nCino from $27.00 to $34.00 in a research note on Wednesday, June 21st. Barclays lowered their price target on nCino from $26.00 to $24.00 in a research note on Thursday, June 1st. Robert W. Baird lowered nCino from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research note on Monday, July 24th. Piper Sandler boosted their price target on nCino from $22.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 31st. Finally, 888 reaffirmed a “reiterates” rating on shares of nCino in a report on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.31.

Check Out Our Latest Analysis on nCino

nCino Stock Performance

NCNO stock opened at $29.27 on Friday. The stock has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $26.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.05. nCino, Inc. has a 1 year low of $19.58 and a 1 year high of $38.39.

nCino (NASDAQ:NCNO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 31st. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. nCino had a negative net margin of 19.47% and a negative return on equity of 4.03%. The company had revenue of $113.67 million during the quarter, compared to the consensus estimate of $112.50 million. Analysts expect that nCino, Inc. will post -0.03 EPS for the current year.

nCino Profile

(Free Report)

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.