Pierre Naude Sells 17,026 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude sold 17,026 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $555,047.60. Following the completion of the transaction, the director now directly owns 1,097,213 shares of the company’s stock, valued at approximately $35,769,143.80. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

nCino Trading Down 0.0 %

NASDAQ:NCNO opened at $32.44 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino, Inc. has a 1 year low of $28.09 and a 1 year high of $43.20. The company has a market cap of $3.76 billion, a P/E ratio of -190.81, a P/E/G ratio of 13.00 and a beta of 0.65. The stock’s fifty day moving average price is $34.64 and its two-hundred day moving average price is $34.53.

Institutional Investors Weigh In On nCino

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in shares of nCino in the fourth quarter worth $34,000. Hilltop National Bank purchased a new stake in shares of nCino in the fourth quarter worth $37,000. Asset Management One Co. Ltd. raised its position in shares of nCino by 21.1% in the third 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 in the last quarter. West Tower Group LLC purchased a new stake in shares of nCino in the third quarter worth $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of nCino in the third quarter worth $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NCNO has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley reduced their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Needham & Company LLC increased their price objective on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of nCino in a report on Monday, October 21st. Finally, Macquarie increased their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Four equities 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.com, nCino presently has an average rating of “Moderate Buy” and an average target price of $42.50.

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.