Segall Bryant & Hamill LLC Sells 55,335 Shares of nCino, Inc. (NASDAQ:NCNO)

Segall Bryant & Hamill LLC decreased its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,717 shares of the company's stock after selling 55,335 shares during the period. Segall Bryant & Hamill LLC owned about 0.12% of nCino worth $4,826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NCNO. Vanguard Group Inc. lifted its holdings in nCino by 9.6% during the 4th quarter. Vanguard Group Inc. now owns 10,830,773 shares of the company's stock worth $363,697,000 after buying an additional 948,282 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of nCino by 65.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company's stock valued at $66,341,000 after acquiring an additional 828,124 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new position in nCino during the fourth quarter worth about $70,256,000. Geode Capital Management LLC boosted its holdings in shares of nCino by 26.1% in the third quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company's stock worth $47,951,000 after buying an additional 313,637 shares during the period. Finally, Fred Alger Management LLC boosted its stake in nCino by 95.0% in the 3rd quarter. Fred Alger Management LLC now owns 1,503,549 shares of the company's stock worth $47,497,000 after purchasing an additional 732,441 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at nCino

In other nCino news, CFO Gregory Orenstein sold 5,148 shares of nCino stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $167,824.80. Following the sale, the chief financial officer now owns 271,744 shares of the company's stock, valued at $8,858,854.40. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeff Horing sold 54,876 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the sale, the director now owns 4,458,591 shares in the company, valued at approximately $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is owned by insiders.

nCino Trading Down 3.5 %

NASDAQ NCNO traded down $1.01 during trading hours on Monday, hitting $27.92. The company's stock had a trading volume of 735,599 shares, compared to its average volume of 1,203,468. nCino, Inc. has a twelve month low of $27.29 and a twelve month 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 firm has a market capitalization of $3.23 billion, a P/E ratio of -164.32, a PEG ratio of 5.77 and a beta of 0.66. The stock has a fifty day moving average of $31.44 and a 200 day moving average of $34.22.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of nCino in a research report on Monday, February 3rd. Barclays upgraded nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 price target on the stock in a report on Monday, January 6th. Scotiabank cut their price objective on nCino from $42.00 to $35.00 and set a "sector outperform" rating for the company in a research report on Thursday. UBS Group began coverage on shares of nCino in a research note on Monday, December 16th. They set a "buy" rating and a $44.00 target price for the company. Finally, Piper Sandler reiterated a "neutral" rating and issued a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, nCino currently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

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.