nCino, Inc. (NASDAQ:NCNO) Director Sells $758,350.89 in Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 20,703 shares of nCino stock in a transaction on Friday, December 13th. The shares were sold at an average price of $36.63, for a total value of $758,350.89. Following the transaction, the director now directly owns 9,058,298 shares of the company’s stock, valued at approximately $331,805,455.74. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jeff Horing also recently made the following trade(s):

• 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 transaction of $2,552,002.03.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The stock was 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 shares were sold at an average price of $36.62, for a total value 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 value of $48,869,090.42.

nCino Trading Down 2.9 %

NCNO opened at $34.38 on Thursday. nCino, Inc. has a 12 month low of $28.09 and a 12 month 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 fifty day simple moving average of $38.61 and a 200 day simple moving average of $33.95.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NCNO. Robert W. Baird reduced their price target on shares of nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Needham & Company LLC increased their price target on shares of nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Scotiabank raised their price target on shares of nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, Barclays upped their price objective on nCino from $34.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, nCino has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Investors Weigh In On nCino

Hedge funds have recently modified their holdings of the business. Crewe Advisors LLC bought a new position in nCino in the second quarter valued at approximately $26,000. Asset Management One Co. Ltd. raised its holdings in shares of nCino by 21.1% during the third 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 period. Benjamin F. Edwards & Company Inc. lifted its position in nCino by 97.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock valued at $87,000 after acquiring an additional 1,358 shares in the last quarter. West Tower Group LLC acquired a new position in nCino in the 3rd quarter worth $126,000. Finally, Northwest & Ethical Investments L.P. bought a new position in nCino during the 3rd quarter worth about $152,000. Institutional investors and hedge funds own 94.76% 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.