Gregory Orenstein Sells 5,148 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,148 shares of the business’s 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 $167,824.80. Following the completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

nCino Price Performance

NASDAQ NCNO opened at $32.44 on Friday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -190.81, a PEG ratio of 13.00 and a beta of 0.65. 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 stock’s fifty day moving average price is $34.64 and its 200 day moving average price is $34.53. nCino, Inc. has a 1 year low of $28.09 and a 1 year high of $43.20.

Wall Street Analyst Weigh In

Several research firms have recently commented on NCNO. Robert W. Baird reduced their price target on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Piper Sandler reiterated a “neutral” rating and set a $38.00 price objective on shares of nCino in a research note on Thursday, December 5th. Finally, Truist Financial restated a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of nCino in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCNO. Asset Management One Co. Ltd. lifted its holdings in shares of nCino by 16.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock worth $78,000 after purchasing an additional 323 shares during the period. Victory Capital Management Inc. raised its position in nCino by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after buying an additional 340 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in nCino by 3.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock valued at $430,000 after acquiring an additional 400 shares during the period. Berry Wealth Group LP lifted its stake in nCino by 5.1% during the 4th quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock valued at $276,000 after acquiring an additional 400 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of nCino by 2.2% in the 4th quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock valued at $772,000 after acquiring an additional 500 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.