American Century Companies Inc. Acquires 83,953 Shares of nCino, Inc. (NASDAQ:NCNO)

American Century Companies Inc. raised its stake in nCino, Inc. (NASDAQ:NCNO - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 999,761 shares of the company's stock after acquiring an additional 83,953 shares during the quarter. American Century Companies Inc. owned approximately 0.86% of nCino worth $33,572,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in nCino during the 4th quarter worth $34,000. Hilltop National Bank acquired a new stake in shares of nCino during the fourth quarter valued at about $37,000. Asset Management One Co. Ltd. grew its holdings in shares of nCino by 16.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after purchasing an additional 323 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of nCino in the third quarter valued at approximately $152,000. Finally, PNC Financial Services Group Inc. raised its holdings in nCino by 32.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company's stock valued at $152,000 after buying an additional 1,122 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at nCino

In other nCino news, CFO Gregory Orenstein sold 5,148 shares of the firm's 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 $167,824.80. Following the completion of the sale, the chief financial officer now owns 271,744 shares of the company's stock, valued at approximately $8,858,854.40. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the sale, the chief executive officer now owns 306,477 shares of the company's stock, valued at approximately $9,991,150.20. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,877 shares of company stock valued at $2,963,893. Corporate insiders own 28.40% of the company's stock.

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nCino Stock Down 5.0 %

Shares of nCino stock traded down $1.45 during trading on Monday, reaching $27.47. 1,910,792 shares of the company traded hands, compared to its average volume of 1,207,664. The firm has a market capitalization of $3.18 billion, a PE ratio of -161.58, a P/E/G 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 $31.44 and a 200-day moving average price of $34.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

Analyst Upgrades and Downgrades

NCNO has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of nCino from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday. Needham & Company LLC boosted their price objective on shares of nCino from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Stephens reaffirmed an "equal weight" rating and set a $38.00 target price on shares of nCino in a research report on Thursday, March 20th. Barclays raised nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 target price on the stock in a report on Monday, January 6th. Finally, Macquarie increased their price target on nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Five research 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.36.

nCino 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.