Robeco Institutional Asset Management B.V. Has $11.75 Million Stock Position in nCino, Inc. (NASDAQ:NCNO)

Robeco Institutional Asset Management B.V. reduced its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,000 shares of the company's stock after selling 35,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.30% of nCino worth $11,753,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of nCino by 21.1% in the 3rd 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. Malaga Cove Capital LLC boosted its holdings in shares of nCino by 3.0% in the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company's stock worth $430,000 after buying an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company's stock worth $459,000 after acquiring an additional 508 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of nCino by 4.5% during the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company's stock valued at $428,000 after acquiring an additional 589 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of nCino by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company's stock valued at $465,000 after acquiring an additional 822 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of nCino in a report on Thursday, December 5th. Needham & Company LLC raised their price target on shares of nCino from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Truist Financial restated a "buy" rating and set a $44.00 price target (up from $37.00) on shares of nCino in a report on Monday, October 21st. Morgan Stanley dropped their price target on shares of nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, December 6th. Finally, UBS Group started coverage on nCino in a research report on Monday, December 16th. They set a "buy" rating and a $44.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.50.

nCino Stock Performance

Shares of NCNO stock traded down $0.02 during trading hours on Wednesday, reaching $32.74. 1,307,296 shares of the company's stock were exchanged, compared to its average volume of 992,978. nCino, Inc. has a fifty-two week low of $28.09 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. The stock has a market capitalization of $3.79 billion, a P/E ratio of -192.58, a P/E/G ratio of 13.00 and a beta of 0.65. The business has a fifty day moving average price of $35.02 and a 200-day moving average price of $34.55.

Insider Activity at nCino

In other nCino news, Director Jeff Horing sold 450,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.27, for a total value of $16,771,500.00. Following the completion of the transaction, the director now owns 12,063,467 shares of the company's stock, valued at $449,605,415.09. This represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 6,238,084 shares of company stock worth $224,795,630 in the last ninety days. 28.40% of the stock is currently owned by insiders.

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.