Vanderbilt University Sells 19,305 Shares of nCino, Inc. (NASDAQ:NCNO)

Vanderbilt University lessened its stake in nCino, Inc. (NASDAQ:NCNO) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,266 shares of the company’s stock after selling 19,305 shares during the period. nCino accounts for 0.8% of Vanderbilt University’s portfolio, making the stock its 24th largest holding. Vanderbilt University’s holdings in nCino were worth $4,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of NCNO. The Manufacturers Life Insurance Company raised its position in shares of nCino by 18.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,467 shares of the company’s stock worth $644,000 after acquiring an additional 3,233 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock worth $459,000 after purchasing an additional 508 shares during the period. Truist Financial Corp raised its holdings in nCino by 16.2% during the 2nd quarter. Truist Financial Corp now owns 41,053 shares of the company’s stock worth $1,291,000 after purchasing an additional 5,712 shares during the last quarter. SG Americas Securities LLC acquired a new position in nCino during the 3rd quarter valued at about $219,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of nCino by 92.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock valued at $711,000 after purchasing an additional 10,800 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NCNO shares. Stephens increased their price objective on shares of nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. UBS Group began coverage on nCino in a research note on Monday, December 16th. They issued a “buy” rating and a $44.00 price target on the stock. Scotiabank lifted their price objective on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods increased their target price on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Finally, Barclays upgraded nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insiders Place Their Bets

In other news, Director Jeff Horing sold 450,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.27, for a total value of $16,771,500.00. Following the completion of the transaction, the director now owns 12,063,467 shares in the company, valued at $449,605,415.09. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 6,238,084 shares of company stock worth $224,795,630. Company insiders own 28.40% of the company’s stock.

nCino Trading Down 0.1 %

NASDAQ:NCNO opened at $32.74 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The business’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $34.55. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The stock has a market capitalization of $3.79 billion, a PE ratio of -192.58, a price-to-earnings-growth ratio of 13.00 and a beta of 0.65.

nCino Company Profile

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.