nCino, Inc. (NASDAQ:NCNO) Director Sells $555,047.60 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude sold 17,026 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $555,047.60. Following the completion of the sale, the director now owns 1,097,213 shares in the company, valued at approximately $35,769,143.80. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

nCino Stock Performance

NCNO stock traded down $0.29 during midday trading on Thursday, reaching $32.45. The company had a trading volume of 729,481 shares, compared to its average volume of 981,995. 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 50 day moving average price of $35.02 and a 200 day moving average price of $34.55. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The firm has a market capitalization of $3.76 billion, a PE ratio of -190.87, a P/E/G ratio of 13.00 and a beta of 0.65.

Analyst Upgrades and Downgrades

NCNO has been the subject of several analyst reports. Macquarie increased their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Stephens upped their price target 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. William Blair reissued an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Finally, Morgan Stanley decreased their target price on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NCNO. The Manufacturers Life Insurance Company grew its holdings in 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 period. Northwestern Mutual Wealth Management Co. increased its stake in nCino by 3.6% in the 2nd 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 in the last quarter. Truist Financial Corp increased its stake in nCino by 16.2% in 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 in the last quarter. SG Americas Securities LLC purchased a new position in nCino in the 3rd quarter worth about $219,000. Finally, Handelsbanken Fonder AB increased its stake in nCino by 92.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock worth $711,000 after purchasing an additional 10,800 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.