nCino, Inc. (NASDAQ:NCNO) Position Boosted by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in nCino, Inc. (NASDAQ:NCNO) by 66.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Northwest & Ethical Investments L.P.’s holdings in nCino were worth $268,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in 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 buying an additional 323 shares during the period. Victory Capital Management Inc. increased its stake in shares of nCino by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after acquiring an additional 340 shares during the last quarter. Berry Wealth Group LP raised its holdings in shares of nCino by 5.1% during the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after acquiring an additional 400 shares in the last quarter. Handelsbanken Fonder AB boosted its position in nCino by 2.2% during the fourth quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock valued at $772,000 after purchasing an additional 500 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its stake in nCino by 5.3% in the fourth quarter. Precision Wealth Strategies LLC now owns 14,278 shares of the company’s stock valued at $479,000 after purchasing an additional 714 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Needham & Company LLC boosted their price target on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp restated a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. UBS Group assumed coverage on nCino in a report on Monday, December 16th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Macquarie upped their price target on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Buying and Selling at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the transaction, the director now owns 4,458,591 shares of the company’s stock, valued at $156,050,685. This represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider April Rieger sold 4,325 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the completion of the sale, the insider now owns 145,953 shares of the company’s stock, valued at $4,758,067.80. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,877 shares of company stock valued at $2,963,893 in the last ninety days. Company insiders own 28.40% of the company’s stock.

nCino Trading Up 0.3 %

Shares of nCino stock opened at $28.50 on Friday. nCino, Inc. has a 1 year low of $27.29 and a 1 year high of $43.20. The company’s fifty day simple moving average is $31.81 and its 200-day simple moving average is $34.20. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -167.64, a PEG ratio of 5.77 and a beta of 0.66. 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 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.