EFG Asset Management North America Corp. Has $2.38 Million Holdings in nCino, Inc. (NASDAQ:NCNO)

EFG Asset Management North America Corp. lifted its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,739 shares of the company's stock after purchasing an additional 14,980 shares during the period. EFG Asset Management North America Corp. owned about 0.06% of nCino worth $2,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in nCino by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 10,830,773 shares of the company's stock worth $363,697,000 after buying an additional 948,282 shares in the last quarter. ShawSpring Partners LLC increased its position in shares of nCino by 115.9% during the third quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company's stock worth $83,830,000 after acquiring an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of nCino by 65.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company's stock worth $66,341,000 after acquiring an additional 828,124 shares in the last quarter. Conestoga Capital Advisors LLC purchased a new position in nCino in the fourth quarter valued at about $70,256,000. Finally, Geode Capital Management LLC increased its holdings in nCino by 26.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company's stock worth $47,951,000 after purchasing an additional 313,637 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.00, for a total value 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. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares in the company, valued at $9,991,150.20. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,877 shares of company stock valued at $2,963,893 in the last three months. Corporate insiders own 28.40% of the company's stock.

nCino Stock Down 1.9 %

Shares of NASDAQ:NCNO traded down $0.57 during midday trading on Friday, hitting $28.92. 1,242,216 shares of the stock were exchanged, compared to its average volume of 1,204,851. The company has a market capitalization of $3.35 billion, a PE ratio of -170.11, 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 company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The business's fifty day simple moving average is $31.44 and its two-hundred day simple moving average is $34.18.

Analyst Ratings Changes

A number of research analysts have commented on NCNO shares. UBS Group initiated coverage on shares of nCino in a research note on Monday, December 16th. They set a "buy" rating and a $44.00 price objective on the stock. Piper Sandler reiterated a "neutral" rating and issued a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Barclays upgraded shares of nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 target price for the company in a research report on Monday, January 6th. William Blair reaffirmed an "outperform" rating on shares of nCino in a report on Thursday, December 5th. Finally, Stephens reissued an "equal weight" rating and issued a $38.00 price objective on shares of nCino in a report on Thursday, March 20th. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $41.36.

About nCino

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.