UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 21,576 Shares of nCino, Inc. (NASDAQ:NCNO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 17.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,757 shares of the company's stock after purchasing an additional 21,576 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of nCino worth $4,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NCNO. Crewe Advisors LLC purchased a new stake in nCino in the 2nd quarter worth $26,000. Asset Management One Co. Ltd. boosted its stake 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 worth $62,000 after acquiring an additional 341 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of nCino by 97.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company's stock worth $87,000 after purchasing an additional 1,358 shares in the last quarter. West Tower Group LLC bought a new stake in nCino during the 3rd quarter valued at approximately $126,000. Finally, Amalgamated Bank lifted its holdings in nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company's stock worth $163,000 after purchasing an additional 1,134 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

nCino Trading Up 0.4 %

Shares of NASDAQ:NCNO traded up $0.14 during trading on Thursday, hitting $36.55. The company had a trading volume of 1,716,413 shares, compared to its average volume of 1,102,833. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -214.18, a price-to-earnings-growth ratio of 28.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The company has a fifty day simple moving average of $38.16 and a two-hundred day simple moving average of $33.77. nCino, Inc. has a one year low of $28.09 and a one year high of $43.20.

Insider Buying and Selling

In related news, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $35.05, for a total value of $136,169.25. Following the sale, the chief financial officer now directly owns 276,892 shares of the company's stock, valued at $9,705,064.60. This represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeff Horing sold 450,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the completion of the sale, the director now directly owns 12,063,467 shares of the company's stock, valued at approximately $449,605,415.09. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,685,029 shares of company stock worth $134,370,704 over the last three months. 28.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NCNO shares. Keefe, Bruyette & Woods increased their price objective on shares of nCino from $41.00 to $49.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. Robert W. Baird dropped their target price 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. Truist Financial reiterated a "buy" rating and issued a $44.00 price target (up from $37.00) on shares of nCino in a report on Monday, October 21st. The Goldman Sachs Group raised shares of nCino from a "neutral" rating to a "buy" rating and increased their price objective for the company from $34.00 to $42.00 in a report on Wednesday, August 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $43.00 target price on shares of nCino in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.38.

About nCino

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.