Insider Selling: nCino, Inc. (NASDAQ:NCNO) Director Sells 17,026 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude sold 17,026 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $555,047.60. Following the sale, the director now owns 1,097,213 shares of the company’s stock, valued at approximately $35,769,143.80. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

nCino Stock Down 0.9 %

Shares of NCNO opened at $32.45 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $34.84 and its two-hundred day moving average price is $34.53. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of nCino in the 4th quarter valued at $34,000. Hilltop National Bank acquired a new stake in nCino during the 4th quarter worth $37,000. Asset Management One Co. Ltd. raised its stake in nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after buying an additional 341 shares during the period. West Tower Group LLC acquired a new stake in nCino during the 3rd quarter worth $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in nCino during the 3rd quarter worth $152,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. UBS Group began coverage on nCino in a report on Monday, December 16th. They issued a “buy” rating and a $44.00 price target for the company. Morgan Stanley lowered their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Macquarie upped their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $38.00 price objective on shares of nCino in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.