one8zero8 LLC Makes New $2.65 Million Investment in nCino, Inc. (NASDAQ:NCNO)

one8zero8 LLC acquired a new position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,985 shares of the company's stock, valued at approximately $2,652,000. one8zero8 LLC owned approximately 0.07% of nCino as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Long Path Partners LP increased its position in shares of nCino by 43.7% during the 3rd 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 increased its position in shares of 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 last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company's stock valued at $66,341,000 after purchasing an additional 828,124 shares during the last quarter. Conestoga Capital Advisors LLC bought a new position in shares of nCino during the 4th quarter valued at about $70,256,000. Finally, Brown Brothers Harriman & Co. grew its position in nCino by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company's stock worth $65,261,000 after acquiring an additional 736,627 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Sean Desmond sold 5,034 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 $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares of the company's stock, valued at $9,991,150.20. This represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider April Rieger sold 4,325 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the sale, the insider now owns 145,953 shares of the company's stock, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,561,035 shares of company stock valued at $162,915,041 over the last ninety days. 28.40% of the stock is owned by insiders.

nCino Stock Performance

NASDAQ NCNO traded up $0.35 on Monday, hitting $28.69. 1,109,241 shares of the company traded hands, compared to its average volume of 1,208,315. 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 company has a market capitalization of $3.32 billion, a price-to-earnings ratio of -168.75, a P/E/G ratio of 5.77 and a beta of 0.66. nCino, Inc. has a 52-week low of $27.29 and a 52-week high of $43.20. The business's 50 day moving average price is $32.18 and its 200-day moving average price is $34.27.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Macquarie raised their price target on nCino from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. William Blair restated an "outperform" rating on shares of nCino in a research report on Thursday, December 5th. KeyCorp restated a "sector weight" rating on shares of nCino in a research report on Monday, February 3rd. Scotiabank increased their price objective on nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a report on Wednesday, December 4th. Finally, Barclays upgraded nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 price objective for the company in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, nCino currently has a consensus rating of "Moderate Buy" and a consensus 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.