In yesterday’s Wall Street session, Ncino Inc (NASDAQ:NCNO) shares traded at $35.27, up 0.26% from the previous session.
NCNO stock price is now -8.44% away from the 50-day moving average and 6.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.11B.
With the price target of $44, UBS recently initiated with Buy rating for Ncino Inc (NASDAQ: NCNO). On December 05, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $40 to quote $45, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, HORING JEFF, Director sold 4,474,158 shares of the company’s stock on Dec 18 ’24. The stock was sold for $159,955,623 at an average price of $35.75. Upon completion of the transaction, the Director now directly owns 4,513,467 shares in the company, valued at $159.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Director Kilday Pamela sold 9,000 shares of the business’s stock. A total of $319,633 was realized by selling the stock at an average price of $35.51. This leaves the insider owning 17,804 shares of the company worth $0.63 million. A total of 12.41% of the company’s stock is owned by insiders.
During the past 12 months, Ncino Inc has had a low of $28.09 and a high of $43.20. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.88, and a quick ratio of 1.88. The fifty day moving average price for NCNO is $38.512 and a two-hundred day moving average price translates $33.203426 for the stock.
The latest earnings results from Ncino Inc (NASDAQ: NCNO) was released for 2024-07-31. The net profit margin was -3.46% and return on equity was -1.71% for NCNO. The company reported revenue of $132.4 million for the quarter, compared to $117.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.94 percent.
