Natixis Advisors LLC Raises Stock Position in nCino, Inc. (NASDAQ:NCNO)

Natixis Advisors LLC raised its holdings in nCino, Inc. (NASDAQ:NCNO - Free Report) by 88.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,676 shares of the company's stock after acquiring an additional 12,965 shares during the quarter. Natixis Advisors LLC's holdings in nCino were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ShawSpring Partners LLC increased its position in 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 purchasing an additional 1,424,349 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in shares of nCino by 65.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company's stock valued at $66,341,000 after acquiring an additional 828,124 shares during the period. Conestoga Capital Advisors LLC bought a new position in shares of nCino in the 4th quarter worth $70,256,000. Geode Capital Management LLC lifted its stake in shares of nCino by 26.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company's stock worth $47,951,000 after purchasing an additional 313,637 shares during the last quarter. Finally, Fred Alger Management LLC lifted its stake in shares of nCino by 95.0% during the 3rd quarter. Fred Alger Management LLC now owns 1,503,549 shares of the company's stock worth $47,497,000 after purchasing an additional 732,441 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

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nCino Trading Down 1.9 %

Shares of NCNO stock traded down $0.57 on Friday, hitting $28.92. 1,242,216 shares of the stock traded hands, compared to its average volume of 1,204,851. The firm's 50-day moving average price is $31.44 and its two-hundred day moving average price is $34.22. nCino, Inc. has a twelve month low of $27.29 and a twelve month 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 stock has a market capitalization of $3.35 billion, a PE ratio of -170.11, a PEG ratio of 5.77 and a beta of 0.66.

Analysts Set New Price Targets

Several research analysts recently commented on NCNO shares. Macquarie boosted their price objective on shares of nCino from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Stephens reiterated an "equal weight" rating and set a $38.00 price objective on shares of nCino in a report on Thursday, March 20th. KeyCorp reissued a "sector weight" rating on shares of nCino in a research report on Monday, February 3rd. Scotiabank reduced their target price on nCino from $42.00 to $35.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Needham & Company LLC raised their price target on nCino from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

Insider Transactions at nCino

In related news, Director Jeff Horing sold 54,876 shares of nCino stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the transaction, the director now owns 4,458,591 shares in the company, valued at $156,050,685. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider April Rieger sold 4,325 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the completion of the sale, the insider now directly owns 145,953 shares in the company, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,877 shares of company stock worth $2,963,893 over the last ninety days. Company insiders own 28.40% of the company's stock.

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.