New York State Common Retirement Fund Acquires 89,507 Shares of nCino, Inc. (NASDAQ:NCNO)

New York State Common Retirement Fund increased its position in nCino, Inc. (NASDAQ:NCNO - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 668,975 shares of the company's stock after acquiring an additional 89,507 shares during the quarter. New York State Common Retirement Fund owned about 0.58% of nCino worth $22,464,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NCNO. Asset Management One Co. Ltd. grew its holdings in shares of nCino by 16.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company's stock worth $78,000 after purchasing an additional 323 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in shares of nCino by 3.0% during the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company's stock worth $430,000 after purchasing an additional 400 shares in the last quarter. Berry Wealth Group LP grew its holdings in shares of nCino by 5.1% during the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company's stock worth $276,000 after purchasing an additional 400 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in shares of nCino by 5.3% during the fourth quarter. Precision Wealth Strategies LLC now owns 14,278 shares of the company's stock worth $479,000 after purchasing an additional 714 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of nCino by 5.9% during the third quarter. Natixis Advisors LLC now owns 14,711 shares of the company's stock worth $465,000 after purchasing an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Insider Buying and Selling

In other nCino news, insider April Rieger sold 4,325 shares of the business's stock in a transaction 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 sale, the insider now owns 145,953 shares of the company's stock, valued at $4,758,067.80. The trade was a 2.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeff Horing sold 450,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the transaction, the director now owns 12,063,467 shares of the company's stock, valued at $449,605,415.09. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,270,085 shares of company stock valued at $225,838,863 in the last three months. Insiders own 28.40% of the company's stock.

nCino Stock Performance

NASDAQ NCNO traded down $0.79 during trading on Friday, reaching $32.06. 1,747,059 shares of the company's stock were exchanged, compared to its average volume of 1,105,813. The business has a 50 day moving average price of $33.69 and a 200-day moving average price of $34.65. The stock has a market capitalization of $3.71 billion, a P/E ratio of -188.58, a PEG ratio of 5.77 and a beta of 0.65. 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 fifty-two week low of $28.09 and a fifty-two week high of $43.20.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. KeyCorp restated a "sector weight" rating on shares of nCino in a research report on Monday, February 3rd. William Blair restated an "outperform" rating on shares of nCino in a research report on Thursday, December 5th. Scotiabank boosted their target price on nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their target price on nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Finally, Robert W. Baird dropped their target price on nCino from $43.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

nCino 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.