nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing Sells 4,474,158 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 4,474,158 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the completion of the sale, the director now owns 4,513,467 shares in the company, valued at $161,356,445.25. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeff Horing also recently made the following trade(s):

• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The shares were sold at an average price of $36.11, for a total transaction of $2,552,002.03.
• On Friday, December 13th, Jeff Horing sold 20,703 shares of nCino stock. The stock was sold at an average price of $36.63, for a total transaction of $758,350.89.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The shares were sold at an average price of $36.69, for a total transaction of $42,832,786.56.
• On Monday, December 9th, Jeff Horing sold 450,000 shares of nCino stock. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00.
• On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50.
• On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The shares were sold at an average price of $36.02, for a total value of $48,869,090.42.

nCino Stock Up 2.0 %

Shares of nCino stock opened at $35.22 on Friday. The business has a fifty day simple moving average of $38.63 and a 200 day simple moving average of $33.95. The stock has a market cap of $4.08 billion, a PE ratio of -207.16, a price-to-earnings-growth ratio of 16.39 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12 month low of $28.09 and a 12 month high of $43.20.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group initiated coverage on nCino in a report on Monday, December 16th. They set a “buy” rating and a $44.00 target price on the stock. Stephens increased their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Truist Financial reaffirmed 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. Morgan Stanley decreased their price target on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Finally, Keefe, Bruyette & Woods boosted 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. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Hedge Funds Weigh In On nCino

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC bought a new position in shares of nCino during the second quarter worth $26,000. 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. Benjamin F. Edwards & Company Inc. lifted its holdings in 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 acquiring an additional 1,358 shares in the last quarter. West Tower Group LLC acquired a new position in nCino in the third quarter valued at about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of nCino in the third quarter worth about $152,000. Institutional investors own 94.76% 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.