Vanderbilt University Sells 19,305 Shares of nCino, Inc. (NASDAQ:NCNO)

Vanderbilt University decreased its stake in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,266 shares of the company's stock after selling 19,305 shares during the period. nCino makes up about 0.8% of Vanderbilt University's investment portfolio, making the stock its 24th largest holding. Vanderbilt University owned about 0.10% of nCino worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in nCino during the 4th quarter worth approximately $34,000. Hilltop National Bank bought a new stake in shares of nCino in the fourth quarter worth $37,000. Asset Management One Co. Ltd. boosted its holdings in nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company's stock worth $62,000 after purchasing an additional 341 shares during the last quarter. West Tower Group LLC bought a new position in nCino in the third quarter valued at $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in nCino in the 3rd quarter valued at $152,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Price Performance

Shares of NCNO stock traded down $0.01 during midday trading on Friday, hitting $32.44. 1,006,795 shares of the company were exchanged, compared to its average volume of 967,172. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20. The firm's 50 day moving average price is $34.64 and its two-hundred day moving average price is $34.54.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of nCino from $36.00 to $46.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, December 4th. Truist Financial reissued a "buy" rating and set a $44.00 price target (up from $37.00) on shares of nCino in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Barclays raised nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 price objective for the company in a report on Monday, January 6th. Finally, Piper Sandler reissued a "neutral" rating and issued a $38.00 target price on shares of nCino in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.50.

Insider Transactions at nCino

In related news, 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 transaction of $140,995.00. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sean Desmond sold 5,034 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the completion of the transaction, the chief executive officer now directly owns 306,477 shares in the company, valued at approximately $9,991,150.20. This represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,270,085 shares of company stock worth $225,838,863 over the last quarter. Company insiders own 28.40% of the company's stock.

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.