nCino (NASDAQ:NCNO - Get Free Report) had its price objective reduced by investment analysts at Keefe, Bruyette & Woods from $44.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 45.61% from the company's previous close.
NCNO has been the subject of several other reports. Scotiabank decreased their target price on shares of nCino from $42.00 to $35.00 and set a "sector outperform" rating for the company in a research note on Thursday. Macquarie raised their target price on nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Needham & Company LLC lifted their price target on nCino from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley cut their price objective on nCino from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, December 6th. Finally, Raymond James decreased their target price on nCino from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, nCino currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.36.
View Our Latest Report on nCino
nCino Stock Performance
Shares of NCNO stock traded down $1.45 on Friday, hitting $27.47. The company had a trading volume of 1,909,616 shares, compared to its average volume of 1,207,664. The firm has a market cap of $3.18 billion, a P/E ratio of -161.58, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66. nCino has a twelve month low of $27.29 and a twelve month 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 quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.
Insider Transactions at nCino
In other news, Director Jeff Horing sold 54,876 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the transaction, the director now directly owns 4,458,591 shares of the company's stock, valued at $156,050,685. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider April Rieger sold 4,325 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 transaction of $140,995.00. Following the transaction, the insider now directly owns 145,953 shares of the company's stock, valued at approximately $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On nCino
Several large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in nCino by 15.0% during the third quarter. Victory Capital Management Inc. now owns 11,784 shares of the company's stock worth $372,000 after purchasing an additional 1,536 shares during the period. Natixis Advisors LLC increased its holdings in nCino by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company's stock valued at $465,000 after purchasing an additional 822 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of nCino during the 3rd quarter valued at about $689,000. Charles Schwab Investment Management Inc. lifted its position in nCino by 51.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company's stock worth $17,588,000 after acquiring an additional 189,283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in nCino by 16.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,884 shares of the company's stock worth $754,000 after buying an additional 3,417 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
About nCino
(
Get Free Report)
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.
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