Insider Selling: nCino, Inc. (NASDAQ:NCNO) CFO Sells 5,148 Shares of Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) CFO Gregory Orenstein sold 5,148 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $167,824.80. Following the transaction, the chief financial officer now directly owns 271,744 shares in the company, valued at $8,858,854.40. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

nCino Price Performance

Shares of NASDAQ:NCNO traded up $0.52 during midday trading on Monday, reaching $32.96. 1,021,461 shares of the company were exchanged, compared to its average volume of 984,460. 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 stock has a market cap of $3.82 billion, a PE ratio of -193.87, a price-to-earnings-growth ratio of 5.70 and a beta of 0.65. The business's fifty day moving average is $34.47 and its two-hundred day moving average is $34.56. nCino, Inc. has a one year low of $28.09 and a one year high of $43.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC bought a new position in nCino during the fourth quarter valued at approximately $70,256,000. ShawSpring Partners LLC boosted 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 acquiring an additional 1,424,349 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of nCino in the fourth quarter valued at $39,334,000. Long Path Partners LP increased its position in nCino by 43.7% in the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company's stock worth $117,559,000 after purchasing an additional 1,131,271 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its stake in nCino by 65.1% during the third 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 in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Wall Street Analyst Weigh In

NCNO has been the subject of several research reports. Needham & Company LLC upped their price target on shares of nCino from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Truist Financial reiterated a "buy" rating and issued a $44.00 price target (up from $37.00) on shares of nCino in a research report on Monday, October 21st. Macquarie boosted their price objective on shares of nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Scotiabank raised their target price on nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a report on Wednesday, December 4th. Finally, Piper Sandler restated a "neutral" rating and issued a $38.00 price target on shares of nCino in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, nCino presently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

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.