KBC Group NV Has $2.55 Million Stock Position in nCino, Inc. (NASDAQ:NCNO)

KBC Group NV grew its position in nCino, Inc. (NASDAQ:NCNO - Free Report) by 3,082.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,988 shares of the company's stock after buying an additional 73,600 shares during the quarter. KBC Group NV owned 0.07% of nCino worth $2,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NCNO. Fifth Third Bancorp bought a new stake in shares of nCino during the 4th quarter worth $34,000. Cottonwood Capital Advisors LLC bought a new position in shares of nCino in the fourth quarter worth about $218,000. Janney Montgomery Scott LLC boosted its stake in shares of nCino by 12.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,865 shares of the company's stock valued at $331,000 after purchasing an additional 1,072 shares in the last quarter. Mechanics Bank Trust Department bought a new stake in shares of nCino during the 4th quarter valued at approximately $201,000. Finally, Hilltop National Bank acquired a new position in nCino during the 4th quarter worth approximately $37,000. Institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

NCNO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of nCino from $41.00 to $49.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Robert W. Baird cut their price objective on nCino from $43.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. Truist Financial reaffirmed a "buy" rating and issued a $44.00 target price (up previously from $37.00) on shares of nCino in a report on Monday, October 21st. Piper Sandler reissued a "neutral" rating and set a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Finally, Needham & Company LLC upped their price objective on nCino from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, nCino has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Insider Buying and Selling at nCino

In other news, Director Jeff Horing sold 1,167,424 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $36.69, for a total transaction of $42,832,786.56. Following the completion of the sale, the director now owns 9,790,001 shares of the company's stock, valued at $359,195,136.69. This trade represents a 10.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 6,238,084 shares of company stock valued at $224,795,630. 28.40% of the stock is currently owned by insiders.

nCino Trading Down 0.1 %

Shares of NASDAQ:NCNO traded down $0.02 during trading on Wednesday, reaching $32.74. The stock had a trading volume of 1,307,296 shares, compared to its average volume of 992,978. nCino, Inc. has a 52 week low of $28.09 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 firm's fifty day moving average is $35.02 and its 200 day moving average is $34.55. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -192.58, a P/E/G ratio of 13.00 and a beta of 0.65.

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.