Nicholas Company Inc. Grows Stake in nCino, Inc. (NASDAQ:NCNO)

Nicholas Company Inc. grew its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,627 shares of the company's stock after buying an additional 14,829 shares during the period. Nicholas Company Inc. owned 0.18% of nCino worth $6,838,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. one8zero8 LLC bought a new position in nCino during the fourth quarter worth about $2,652,000. Natixis Advisors LLC boosted its holdings in nCino by 88.1% in the 4th quarter. Natixis Advisors LLC now owns 27,676 shares of the company's stock worth $929,000 after buying an additional 12,965 shares during the period. Picton Mahoney Asset Management raised its holdings in nCino by 94.5% during the 4th quarter. Picton Mahoney Asset Management now owns 390,752 shares of the company's stock valued at $13,122,000 after acquiring an additional 189,827 shares during the period. Swiss National Bank lifted its position in shares of nCino by 7.9% during the fourth quarter. Swiss National Bank now owns 181,800 shares of the company's stock worth $6,105,000 after acquiring an additional 13,300 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of nCino by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 17,620 shares of the company's stock worth $592,000 after acquiring an additional 714 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.

nCino Trading Up 1.5 %

NASDAQ:NCNO traded up $0.44 during trading hours on Wednesday, hitting $28.95. The company had a trading volume of 125,671 shares, compared to its average volume of 1,210,666. 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 $27.29 and a 52 week high of $43.20. The company has a market capitalization of $3.35 billion, a PE ratio of -170.29, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66. The stock has a 50-day moving average price of $32.08 and a 200 day moving average price of $34.26.

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Insider Buying and Selling

In other nCino news, insider April Rieger sold 4,325 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 transaction of $140,995.00. Following the completion of the transaction, the insider now owns 145,953 shares of the company's stock, valued at approximately $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gregory Orenstein sold 5,148 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $167,824.80. Following the completion of the sale, the chief financial officer now directly owns 271,744 shares in the company, valued at $8,858,854.40. This represents a 1.86 % 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 valued at $2,963,893 over the last three months. Corporate insiders own 28.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NCNO shares. Keefe, Bruyette & Woods increased their price objective on nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Needham & Company LLC increased their target price on shares of nCino from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, December 5th. William Blair reiterated an "outperform" rating on shares of nCino in a research report on Thursday, December 5th. Robert W. Baird cut their price target 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. Finally, Scotiabank raised their price objective on nCino from $36.00 to $46.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, nCino 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.