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

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

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 shares were 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 value 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 value of $16,771,500.00.
• On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The shares were 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 stock was sold at an average price of $36.02, for a total transaction of $48,869,090.42.

nCino Trading Down 2.9 %

Shares of nCino stock opened at $32.54 on Friday. 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 firm has a 50-day moving average of $37.84 and a 200-day moving average of $34.31. nCino, Inc. has a 52-week low of $28.09 and a 52-week high of $43.20. The stock has a market cap of $3.77 billion, a PE ratio of -191.40, a PEG ratio of 16.39 and a beta of 0.64.

Institutional Trading of nCino

A number of institutional investors have recently bought and sold shares of NCNO. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of nCino by 8.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company’s stock worth $244,766,000 after purchasing an additional 635,064 shares during the period. Long Path Partners LP increased its stake in nCino by 43.7% during the 3rd quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock worth $117,559,000 after acquiring an additional 1,131,271 shares during the period. ShawSpring Partners LLC raised its holdings in nCino by 115.9% in the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after acquiring an additional 1,424,349 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after acquiring an additional 828,124 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of nCino by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock worth $65,261,000 after purchasing an additional 736,627 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NCNO. William Blair restated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Stephens boosted their price target on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group began coverage on nCino in a research report on Monday, December 16th. They issued a “buy” rating and a $44.00 price objective for the company. Robert W. Baird decreased their target price on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.