nCino, Inc. (NASDAQ:NCNO) Director Sells $555,047.60 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Pierre Naude sold 17,026 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $555,047.60. Following the completion of the transaction, the director now owns 1,097,213 shares in the company, valued at $35,769,143.80. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

nCino Stock Up 1.6 %

Shares of NCNO traded up $0.52 during mid-day trading on Monday, hitting $32.96. 1,021,461 shares of the company's stock were exchanged, compared to its average volume of 984,460. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20. The company has a market cap of $3.82 billion, a PE ratio of -193.87, a P/E/G ratio of 5.70 and a beta of 0.65. The company has a 50-day simple moving average of $34.47 and a 200 day simple moving average of $34.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in shares of nCino during the 4th quarter worth about $34,000. Hilltop National Bank bought a new stake in nCino during the fourth quarter worth about $37,000. Asset Management One Co. Ltd. boosted its position in 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 purchasing an additional 341 shares during the last quarter. West Tower Group LLC bought a new position in nCino in the third quarter valued at approximately $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of nCino during the 3rd quarter worth approximately $152,000. Institutional investors own 94.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NCNO shares. Macquarie boosted their price objective on shares of nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, December 6th. 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. William Blair reiterated an "outperform" rating on shares of nCino in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their target price on nCino from $41.00 to $49.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Finally, Morgan Stanley dropped their price target on nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

About nCino

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.