American Century Companies Inc. Has $33.57 Million Stock Holdings in nCino, Inc. (NASDAQ:NCNO)

American Century Companies Inc. grew its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 999,761 shares of the company’s stock after purchasing an additional 83,953 shares during the quarter. American Century Companies Inc. owned about 0.86% of nCino worth $33,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of nCino in the fourth quarter valued at $34,000. Hilltop National Bank acquired a new stake in nCino in the fourth quarter valued at $37,000. Asset Management One Co. Ltd. grew its position in shares of nCino by 16.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after acquiring an additional 323 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of nCino by 32.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock worth $152,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of nCino during the 3rd quarter worth about $152,000. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

NCNO has been the subject of a number of research analyst reports. Stephens reiterated an “equal weight” rating and set a $38.00 price target on shares of nCino in a report on Thursday, March 20th. KeyCorp reiterated a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. Scotiabank dropped their price target on nCino from $42.00 to $35.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Finally, UBS Group initiated coverage on shares of nCino in a report on Monday, December 16th. They issued a “buy” rating and a $44.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

nCino Stock Down 1.9 %

Shares of NCNO opened at $28.92 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12 month low of $27.29 and a 12 month high of $43.20. The firm’s 50 day moving average is $31.44 and its 200-day moving average is $34.15. The stock has a market capitalization of $3.35 billion, a PE ratio of -170.11, a P/E/G ratio of 5.77 and a beta of 0.66.

Insider Buying and Selling

In other news, insider April Rieger sold 4,325 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 $140,995.00. Following the completion of the sale, the insider now directly owns 145,953 shares in the company, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 5,148 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 271,744 shares in the company, valued at approximately $8,858,854.40. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,877 shares of company stock valued at $2,963,893 over the last 90 days. 28.40% of the stock is owned by corporate insiders.

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.