Jeff Horing Sells 20,703 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 20,703 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $36.63, for a total transaction of $758,350.89. Following the sale, the director now owns 9,058,298 shares in the company, valued at $331,805,455.74. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeff Horing also recently made the following trade(s):

• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The shares were sold at an average price of $36.11, for a total value of $2,552,002.03.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The stock was sold at an average price of $36.69, for a total transaction of $42,832,786.56.
• On Monday, December 9th, Jeff Horing sold 450,000 shares of nCino stock. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00.
• On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The shares were sold at an average price of $36.62, for a total value of $67,160,164.50.
• On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The stock was sold at an average price of $36.02, for a total value of $48,869,090.42.

nCino Stock Performance

Shares of NASDAQ:NCNO traded down $0.56 during trading on Tuesday, hitting $35.40. The stock had a trading volume of 804,615 shares, compared to its average volume of 1,100,865. 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, Inc. has a 12-month low of $28.09 and a 12-month high of $43.20. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -211.53, a price-to-earnings-growth ratio of 16.82 and a beta of 0.59. The stock has a 50-day simple moving average of $38.48 and a two-hundred day simple moving average of $33.91.

Institutional Trading of nCino

Several large investors have recently made changes to their positions in the business. Crewe Advisors LLC acquired a new position in nCino in the second quarter valued at approximately $26,000. Asset Management One Co. Ltd. raised its holdings in shares of nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company's stock valued at $62,000 after acquiring an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in nCino by 97.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company's stock valued at $87,000 after acquiring an additional 1,358 shares in the last quarter. West Tower Group LLC purchased a new stake in shares of nCino in the third quarter valued at approximately $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of nCino in the 3rd quarter worth $152,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NCNO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Scotiabank raised their price target on shares of nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, December 4th. Robert W. Baird lowered their price objective on shares of nCino from $43.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Morgan Stanley dropped their target price on shares of nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, December 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $43.00 price target on shares of nCino in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.