nCino, Inc. (NASDAQ:NCNO) Director Sells $2,552,002.03 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 70,673 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $36.11, for a total transaction of $2,552,002.03. Following the transaction, the director now directly owns 8,987,625 shares in the company, valued at $324,543,138.75. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeff Horing also recently made the following trade(s):

• On Friday, December 13th, Jeff Horing sold 20,703 shares of nCino stock. The shares were sold at an average price of $36.63, for a total transaction of $758,350.89.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The stock was sold at an average price of $36.69, for a total value of $42,832,786.56.
• On Monday, December 9th, Jeff Horing sold 450,000 shares of nCino stock. The stock was sold at an average price of $37.27, for a total value of $16,771,500.00.
• On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50.
• On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The shares were sold at an average price of $36.02, for a total value of $48,869,090.42.

nCino Stock Up 0.5 %

Shares of NASDAQ NCNO opened at $34.54 on Friday. 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 company has a market cap of $4.00 billion, a P/E ratio of -203.16, a P/E/G ratio of 16.39 and a beta of 0.59. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20. The business has a 50-day simple moving average of $38.63 and a two-hundred day simple moving average of $33.95.

Institutional Investors Weigh In On nCino

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in nCino during the 2nd quarter worth approximately $26,000. Asset Management One Co. Ltd. grew its position in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of nCino by 97.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $87,000 after purchasing an additional 1,358 shares during the period. West Tower Group LLC purchased a new stake in shares of nCino in the third quarter worth $126,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in nCino during the third quarter valued at $152,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NCNO has been the subject of several research reports. Macquarie increased their price target on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Barclays increased their target price on shares of nCino from $34.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price target on shares of nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Scotiabank increased their price objective on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.