SBI Securities Co. Ltd. Takes Position in nCino, Inc. (NASDAQ:NCNO)

SBI Securities Co. Ltd. purchased a new stake in nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,220 shares of the company’s stock, valued at approximately $377,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NCNO. Conestoga Capital Advisors LLC acquired a new stake in shares of nCino in the fourth quarter valued at about $70,256,000. ShawSpring Partners LLC increased its stake in shares of nCino by 115.9% in the third quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after buying an additional 1,424,349 shares during the period. Long Path Partners LP increased its stake in shares of nCino by 43.7% in the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after buying an additional 1,131,271 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in shares of nCino by 65.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after buying an additional 828,124 shares during the period. Finally, American Capital Management Inc. increased its stake in shares of nCino by 348.9% in the third quarter. American Capital Management Inc. now owns 1,029,725 shares of the company’s stock valued at $32,529,000 after buying an additional 800,317 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gregory Orenstein sold 5,148 shares of the firm’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 value of $167,824.80. Following the transaction, the chief financial officer now owns 271,744 shares in the company, valued at $8,858,854.40. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Horing sold 450,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.27, for a total value of $16,771,500.00. Following the completion of the transaction, the director now owns 12,063,467 shares in the company, valued at $449,605,415.09. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,270,085 shares of company stock worth $225,838,863. Corporate insiders own 28.40% of the company’s stock.

nCino Stock Down 1.5 %

Shares of NASDAQ:NCNO opened at $30.01 on Wednesday. The business’s 50 day simple moving average is $33.10 and its two-hundred day simple moving average is $34.55. The firm has a market cap of $3.47 billion, a P/E ratio of -176.52, a PEG ratio of 5.77 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. nCino, Inc. has a 52-week low of $28.09 and a 52-week high of $43.20.

Analyst Upgrades and Downgrades

NCNO has been the topic of several research analyst reports. UBS Group initiated coverage on nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 target price on the stock. KeyCorp restated a “sector weight” rating on shares of nCino in a research report on Monday, February 3rd. William Blair restated an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Keefe, Bruyette & Woods upped their target price on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Scotiabank upped their target price on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.