FMR LLC grew its position in nCino, Inc. (NASDAQ:NCNO - Free Report) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,237,227 shares of the company's stock after purchasing an additional 29,501 shares during the quarter. FMR LLC owned approximately 1.07% of nCino worth $39,084,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of nCino in the second quarter valued at approximately $26,000. Asset Management One Co. Ltd. raised its position in shares of nCino by 21.1% in 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 period. Benjamin F. Edwards & Company Inc. raised its position in shares of nCino by 97.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company's stock valued at $87,000 after purchasing an additional 1,358 shares during the period. West Tower Group LLC bought a new position in shares of nCino in the third quarter valued at approximately $126,000. Finally, Amalgamated Bank raised its position in shares of nCino by 28.1% in the second quarter. Amalgamated Bank now owns 5,174 shares of the company's stock valued at $163,000 after purchasing an additional 1,134 shares during the period. Institutional investors own 94.76% of the company's stock.
Insider Transactions at nCino
In other nCino news, Director William J. Ruh sold 10,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now owns 226,201 shares of the company's stock, valued at $8,482,537.50. This represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the sale, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,235,029 shares of company stock valued at $117,599,204. 28.40% of the stock is owned by insiders.
nCino Price Performance
Shares of NCNO traded down $0.29 during trading hours on Monday, hitting $37.12. The stock had a trading volume of 1,650,287 shares, compared to its average volume of 1,089,893. The company's fifty day moving average is $37.84 and its two-hundred day moving average is $33.67. 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 stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -219.88, a P/E/G ratio of 28.36 and a beta of 0.59.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on NCNO shares. William Blair reaffirmed an "outperform" rating on shares of nCino in a research report on Thursday. Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley dropped their target price on shares of nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday. Needham & Company LLC boosted their target price on shares of nCino from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised shares of nCino from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $34.00 to $42.00 in a research report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, nCino presently has an average rating of "Moderate Buy" and an average price target of $42.38.
View Our Latest Analysis on NCNO
nCino Company 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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