Robeco Institutional Asset Management B.V. Sells 35,000 Shares of nCino, Inc. (NASDAQ:NCNO)

Robeco Institutional Asset Management B.V. lowered its position in nCino, Inc. (NASDAQ:NCNO) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,000 shares of the company’s stock after selling 35,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.30% of nCino worth $11,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of nCino in the 4th quarter worth $34,000. Hilltop National Bank purchased a new position in nCino in the fourth quarter worth $37,000. Asset Management One Co. Ltd. increased its stake in nCino by 21.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after acquiring an additional 341 shares during the last quarter. West Tower Group LLC purchased a new stake in nCino during the third quarter valued at about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in nCino during the third quarter worth about $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Stock Down 1.6 %

Shares of NASDAQ NCNO opened at $34.01 on Friday. The firm has a fifty day simple moving average of $35.58 and a two-hundred day simple moving average of $34.54. nCino, Inc. has a 12 month low of $28.09 and a 12 month high of $43.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.94 billion, a PE ratio of -200.05, a price-to-earnings-growth ratio of 13.16 and a beta of 0.64.

Analysts Set New Price Targets

A number of research firms recently weighed in on NCNO. Piper Sandler restated a “neutral” rating and issued a $38.00 target price on shares of nCino in a research report on Thursday, December 5th. Robert W. Baird cut their price objective on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Macquarie lifted their target price on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley cut their price target on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Finally, Stephens lifted their price objective on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Insiders Place Their Bets

In other news, Director Jeff Horing sold 20,703 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $36.63, for a total value of $758,350.89. Following the completion of the transaction, the director now owns 9,058,298 shares in the company, valued at $331,805,455.74. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 6,238,084 shares of company stock worth $224,795,630 over the last three months. Company insiders own 28.40% of the company’s stock.

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.