one8zero8 LLC Buys New Stake in nCino, Inc. (NASDAQ:NCNO)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in shares of nCino in the 4th quarter valued at $34,000. Hilltop National Bank acquired a new stake in nCino in the fourth quarter valued at about $37,000. Asset Management One Co. Ltd. grew its position in nCino by 16.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock valued at $78,000 after acquiring an additional 323 shares during the last quarter. West Tower Group LLC bought a new position in shares of nCino in the third quarter worth about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new position in nCino in the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Buying and Selling

In related news, Director Jeff Horing sold 4,474,158 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the completion of the sale, the director now directly owns 4,513,467 shares of the company's stock, valued at $161,356,445.25. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider April Rieger sold 4,325 shares of the business'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 completion of the transaction, the insider now directly owns 145,953 shares of the company's stock, valued at approximately $4,758,067.80. The trade was a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,561,035 shares of company stock valued at $162,915,041 over the last 90 days. Company insiders own 28.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NCNO shares. UBS Group started coverage on shares of nCino in a report on Monday, December 16th. They set a "buy" rating and a $44.00 target price on the stock. Keefe, Bruyette & Woods upped their price objective on shares of nCino from $41.00 to $49.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Barclays upgraded nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 price target for the company in a report on Monday, January 6th. Scotiabank lifted their price target on shares of nCino from $36.00 to $46.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. Finally, KeyCorp restated a "sector weight" rating on shares of nCino in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, nCino currently has an average rating of "Moderate Buy" and an average price target of $42.50.

nCino Stock Down 1.0 %

nCino stock traded down $0.30 during trading hours on Tuesday, hitting $28.40. The stock had a trading volume of 379,124 shares, compared to its average volume of 1,164,543. The stock's 50-day moving average price is $32.18 and its 200-day moving average price is $34.27. The stock has a market capitalization of $3.29 billion, a P/E ratio of -167.02, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66. nCino, Inc. has a 12-month low of $27.29 and a 12-month high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.

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.