Cottonwood Capital Advisors LLC Buys Shares of 6,486 nCino, Inc. (NASDAQ:NCNO)

Cottonwood Capital Advisors LLC purchased a new position in nCino, Inc. (NASDAQ:NCNO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,486 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. raised its stake in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after purchasing an additional 341 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in nCino by 3.0% in the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock valued at $430,000 after acquiring an additional 400 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock valued at $459,000 after acquiring an additional 508 shares during the last quarter. Precision Wealth Strategies LLC grew its position in nCino by 4.5% in the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock worth $428,000 after acquiring an additional 589 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of nCino by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock worth $465,000 after purchasing an additional 822 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Trading Up 0.2 %

Shares of NASDAQ:NCNO opened at $32.57 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 company’s fifty day moving average is $36.19 and its 200-day moving average is $34.42. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20.

Wall Street Analysts Forecast Growth

NCNO has been the subject of a number of recent research reports. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. 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 research report on Friday, December 6th. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of nCino in a research report on Thursday, December 5th. Finally, Robert W. Baird reduced their price target on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Four 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 company presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Insider Buying and Selling at nCino

In related news, Director Jeff Horing sold 54,876 shares of the firm’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 of the company’s stock, valued at $156,050,685. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 6,238,084 shares of company stock worth $224,795,630 over the last ninety days. Corporate insiders own 28.40% of the company’s stock.

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.