nCino, Inc. (NASDAQ:NCNO) Insider Sells $140,995.00 in Stock

nCino, Inc. (NASDAQ:NCNO - Get Free Report) insider April Rieger sold 4,325 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $140,995.00. Following the completion of the sale, the insider now owns 145,953 shares of the company's stock, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

nCino Trading Up 1.6 %

NASDAQ:NCNO traded up $0.52 during trading hours on Monday, reaching $32.96. 1,021,461 shares of the stock were exchanged, compared to its average volume of 984,460. nCino, Inc. has a twelve month low of $28.09 and a twelve month high of $43.20. The business has a 50-day moving average of $34.47 and a two-hundred day moving average of $34.56. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -193.87, a PEG ratio of 5.70 and a beta of 0.65. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On nCino

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in nCino by 46.0% during the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company's stock worth $38,327,000 after purchasing an additional 344,269 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of nCino in the third quarter valued at approximately $689,000. Verition Fund Management LLC purchased a new stake in nCino during the 3rd quarter worth approximately $594,000. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 189,283 shares in the last quarter. Finally, Vanderbilt University boosted its position in nCino by 192.3% in the 3rd quarter. Vanderbilt University now owns 140,571 shares of the company's stock valued at $4,441,000 after buying an additional 92,481 shares during the period. Institutional investors and hedge funds own 94.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NCNO. Morgan Stanley cut their target price on nCino from $41.00 to $39.00 and set an "equal weight" rating for the company in a research note on Friday, December 6th. Keefe, Bruyette & Woods raised their price objective on shares of nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, December 6th. William Blair restated an "outperform" rating on shares of nCino in a report on Thursday, December 5th. Finally, Stephens upped their price objective on nCino from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.50.

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.