Nicholas Company Inc. lifted its position in nCino, Inc. (NASDAQ:NCNO - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,627 shares of the company's stock after purchasing an additional 14,829 shares during the quarter. Nicholas Company Inc. owned about 0.18% of nCino worth $6,838,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of NCNO. Victory Capital Management Inc. raised its position in nCino by 15.0% during the 3rd quarter. Victory Capital Management Inc. now owns 11,784 shares of the company's stock worth $372,000 after buying an additional 1,536 shares during the last quarter. Natixis Advisors LLC raised 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 during the last quarter. Thrivent Financial for Lutherans acquired a new position in nCino during the third quarter valued at $689,000. Quest Partners LLC boosted its holdings in nCino by 30.4% in the third quarter. Quest Partners LLC now owns 25,231 shares of the company's stock valued at $797,000 after purchasing an additional 5,879 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of nCino during the 3rd quarter valued at about $6,288,000. Institutional investors and hedge funds own 94.76% of the company's stock.
nCino Price Performance
Shares of nCino stock traded down $0.18 during mid-day trading on Tuesday, reaching $28.51. 999,710 shares of the stock traded hands, compared to its average volume of 1,211,633. The stock has a market capitalization of $3.30 billion, a PE ratio of -167.70, a PEG ratio of 5.77 and a beta of 0.66. The business has a 50-day moving average of $32.18 and a 200 day moving average of $34.27. nCino, Inc. has a fifty-two week low of $27.29 and a fifty-two week high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.
Insider Activity at nCino
In other news, CFO Gregory Orenstein sold 5,148 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider April Rieger sold 4,325 shares of nCino stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the transaction, the insider now owns 145,953 shares in the company, valued at approximately $4,758,067.80. The trade was a 2.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,561,035 shares of company stock valued at $162,915,041. 28.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Morgan Stanley dropped their target price on nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, December 6th. KeyCorp restated a "sector weight" rating on shares of nCino in a research report on Monday, February 3rd. Robert W. Baird decreased their target price on shares of nCino from $43.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Stephens raised their price target on shares of nCino from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Finally, Scotiabank upped their price objective on shares of nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.50.
Check Out Our Latest Stock Analysis on NCNO
About nCino
(
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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