nCino, Inc. (NASDAQ:NCNO) Stock Holdings Lifted by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. increased its holdings in nCino, Inc. (NASDAQ:NCNO) by 66.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,000 shares of the company’s stock after buying an additional 3,200 shares during the period. Northwest & Ethical Investments L.P.’s holdings in nCino were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Long Path Partners LP grew its holdings in shares of nCino by 43.7% during the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after purchasing an additional 1,131,271 shares during the last quarter. ShawSpring Partners LLC boosted its position in nCino by 115.9% during the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after purchasing an additional 1,424,349 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after buying an additional 828,124 shares during the last quarter. Conestoga Capital Advisors LLC acquired a new stake in nCino in the fourth quarter worth $70,256,000. Finally, Brown Brothers Harriman & Co. lifted its stake in nCino by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock valued at $65,261,000 after buying an additional 736,627 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Insider Transactions at nCino

In other news, Director Jeff Horing sold 54,876 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the completion of the sale, the director now directly owns 4,458,591 shares of the company’s stock, valued at $156,050,685. This represents a 1.22 % 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. Also, insider April Rieger sold 4,325 shares of nCino stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the completion of the transaction, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.80. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,877 shares of company stock valued at $2,963,893 in the last three months. 28.40% of the stock is currently owned by corporate insiders.

nCino Trading Up 0.3 %

Shares of NASDAQ:NCNO opened at $28.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -167.64, a PEG ratio of 5.77 and a beta of 0.66. nCino, Inc. has a 1-year low of $27.29 and a 1-year high of $43.20. The company has a 50 day moving average price of $31.81 and a 200 day moving average price of $34.20.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NCNO. Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a report on Monday, January 6th. KeyCorp reiterated a “sector weight” rating on shares of nCino in a research report on Monday, February 3rd. Morgan Stanley lowered 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. Needham & Company LLC boosted their price target on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Scotiabank raised their price target on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.