Angeles Wealth Management LLC Takes Position in nCino, Inc. (NASDAQ:NCNO)

Angeles Wealth Management LLC acquired a new stake in nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,525 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in 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 acquiring an additional 341 shares during the last quarter. Malaga Cove Capital LLC lifted its position in nCino by 3.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock worth $430,000 after acquiring an additional 400 shares during the last quarter. Berry Wealth Group LP lifted its position in nCino by 5.1% during the 4th quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after acquiring an additional 400 shares during the last quarter. Precision Wealth Strategies LLC lifted its position in nCino by 4.5% during the 3rd quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock worth $428,000 after acquiring an additional 589 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of nCino by 5.9% during the third quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock valued at $465,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Transactions at nCino

In other nCino news, Director Jeff Horing sold 450,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the transaction, the director now owns 12,063,467 shares in the company, valued at approximately $449,605,415.09. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares in the company, valued at approximately $9,991,150.20. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,270,085 shares of company stock worth $225,838,863. Company insiders own 28.40% of the company’s stock.

nCino Stock Up 1.6 %

Shares of NASDAQ NCNO opened at $32.96 on Tuesday. The company has a market capitalization of $3.82 billion, a P/E ratio of -193.87, a price-to-earnings-growth ratio of 5.70 and a beta of 0.65. nCino, Inc. has a 52-week low of $28.09 and a 52-week 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’s 50 day moving average price is $34.47 and its 200-day moving average price is $34.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NCNO shares. Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a research note on Monday, January 6th. Morgan Stanley decreased their price objective on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Macquarie upped their price objective on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Piper Sandler reissued a “neutral” rating and set a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Finally, UBS Group began coverage on shares of nCino in a research note on Monday, December 16th. They set a “buy” rating and a $44.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.