Keybank National Association OH purchased a new position in nCino, Inc. (NASDAQ:NCNO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,854 shares of the company's stock, valued at approximately $297,000.
A number of other large investors have also made changes to their positions in NCNO. Asset Management One Co. Ltd. lifted its stake 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 worth $62,000 after buying an additional 341 shares during the period. Victory Capital Management Inc. raised its stake in nCino by 15.0% in the 3rd quarter. Victory Capital Management Inc. now owns 11,784 shares of the company's stock worth $372,000 after acquiring an additional 1,536 shares during the last quarter. Natixis Advisors LLC lifted its position in nCino by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company's stock worth $465,000 after acquiring an additional 822 shares during the period. Thrivent Financial for Lutherans acquired a new stake in nCino during the 3rd quarter worth about $689,000. Finally, Quest Partners LLC grew its stake in nCino by 30.4% during the 3rd quarter. Quest Partners LLC now owns 25,231 shares of the company's stock valued at $797,000 after purchasing an additional 5,879 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.
nCino Price Performance
Shares of NASDAQ NCNO traded up $0.98 during trading on Friday, reaching $28.34. The company had a trading volume of 1,264,233 shares, compared to its average volume of 1,182,286. The stock has a market capitalization of $3.28 billion, a PE ratio of -166.70, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66. 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 50-day moving average price of $32.53 and a two-hundred day moving average price of $34.35. nCino, Inc. has a twelve month low of $27.29 and a twelve month high of $43.20.
Insiders Place Their Bets
In other nCino news, CFO Gregory Orenstein sold 5,148 shares of the company'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 $167,824.80. Following the sale, the chief financial officer now owns 271,744 shares in the company, valued at $8,858,854.40. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeff Horing sold 4,474,158 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $35.75, for a total value of $159,951,148.50. Following the transaction, the director now owns 4,513,467 shares in the company, valued at $161,356,445.25. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,631,708 shares of company stock worth $165,467,043 over the last ninety days. 28.40% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on NCNO. Macquarie boosted their target price 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. Robert W. Baird decreased their price objective on nCino from $43.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, December 5th. KeyCorp reaffirmed a "sector weight" rating on shares of nCino in a report on Monday, February 3rd. Scotiabank boosted their price target on nCino from $36.00 to $46.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. Finally, Stephens raised their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, nCino currently has an average rating of "Moderate Buy" and a consensus price target of $42.50.
Check Out Our Latest Stock Report on NCNO
nCino Profile
(
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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