Insider Selling: nCino, Inc. (NASDAQ:NCNO) Director Sells 54,876 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 54,876 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the sale, the director now directly owns 4,458,591 shares in the company, valued at $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 18th, Jeff Horing sold 4,474,158 shares of nCino stock. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50.
• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The stock was sold at an average price of $36.11, for a total value 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 value of $758,350.89.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The stock was 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 shares were 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 transaction 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 transaction of $48,869,090.42.

nCino Price Performance

NCNO stock traded down $0.05 during trading on Wednesday, hitting $33.51. The stock had a trading volume of 559,869 shares, compared to its average volume of 845,094. nCino, Inc. has a twelve month low of $28.09 and a twelve month high of $43.20. The company’s 50-day moving average price is $38.01 and its two-hundred day moving average price is $34.32. 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 has a market capitalization of $3.88 billion, a P/E ratio of -197.11, a PEG ratio of 16.39 and a beta of 0.64.

Institutional Trading of nCino

Large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in nCino by 21.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of nCino by 97.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $87,000 after buying an additional 1,358 shares in the last quarter. West Tower Group LLC acquired a new position in nCino during the third quarter worth about $126,000. Northwest & Ethical Investments L.P. purchased a new stake in nCino during the 3rd quarter valued at about $152,000. Finally, Amalgamated Bank raised its holdings in nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock valued at $163,000 after acquiring an additional 1,134 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NCNO. Truist Financial reiterated a “buy” rating and set a $44.00 price objective (up previously from $37.00) on shares of nCino in a research note on Monday, October 21st. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a report on Monday. Robert W. Baird dropped their price objective on shares of nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Stephens increased their price target 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. Finally, Morgan Stanley cut their price objective on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and a consensus price target 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.