Gregory Orenstein Sells 5,148 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,148 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $167,824.80. Following the transaction, the chief financial officer now directly owns 271,744 shares in the company, valued at approximately $8,858,854.40. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

nCino Stock Down 0.9 %

NASDAQ NCNO traded down $0.29 on Thursday, hitting $32.45. 729,481 shares of the stock were exchanged, compared to its average volume of 981,995. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The company has a market cap of $3.76 billion, a PE ratio of -190.87, a PEG ratio of 13.00 and a beta of 0.65. The company has a 50-day moving average price of $35.02 and a 200-day moving average price of $34.55.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC increased their price objective 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. Truist Financial reissued a “buy” rating and issued a $44.00 price objective (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Keefe, Bruyette & Woods lifted their price objective on shares of nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of nCino in a report on Thursday, December 5th. Finally, Stephens boosted their target price on shares of nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Fifth Third Bancorp acquired a new stake in shares of nCino in the 4th quarter worth $34,000. Hilltop National Bank acquired a new stake in nCino in the fourth quarter valued at about $37,000. Asset Management One Co. Ltd. lifted its position in nCino by 21.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the period. West Tower Group LLC acquired a new stake in shares of nCino in the 3rd quarter valued at approximately $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of nCino in the 3rd quarter valued at approximately $152,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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.