nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing Sells 54,876 Shares

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 54,876 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the sale, the director now owns 4,458,591 shares of the company’s stock, valued at approximately $156,050,685. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 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 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 value of $48,869,090.42.

nCino Stock Down 0.1 %

NCNO stock traded down $0.05 during midday trading on Wednesday, reaching $33.51. 559,869 shares of the company were exchanged, compared to its average volume of 845,094. The stock’s 50-day simple moving average is $38.01 and its 200 day simple moving average is $34.32. nCino, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -197.11, a price-to-earnings-growth ratio of 16.39 and a beta of 0.64.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Scotiabank upped their target price on shares of nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC raised their price target on shares of nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Institutional Investors Weigh In On nCino

A number of institutional investors and hedge funds have recently bought and sold shares of NCNO. Kings Path Partners LLC acquired a new stake in shares of nCino during the fourth quarter worth about $336,000. Franklin Resources Inc. increased its position in nCino by 46.0% during the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock worth $38,327,000 after buying an additional 344,269 shares during the period. Synovus Financial Corp purchased a new stake in nCino in the third quarter valued at approximately $656,000. Sanctuary Advisors LLC acquired a new stake in shares of nCino in the third quarter valued at approximately $189,000. Finally, Geode Capital Management LLC grew its position in shares of nCino by 26.1% during the third quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company’s stock worth $47,951,000 after acquiring an additional 313,637 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.