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

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 20,703 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The stock was sold at an average price of $36.11, for a total value 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 stock was sold at an average price of $36.62, for a total transaction of $67,160,164.50.
• On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The shares were sold at an average price of $36.02, for a total transaction of $48,869,090.42.

nCino Trading Up 0.5 %

Shares of NCNO stock opened at $34.54 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -203.16, a PEG ratio of 16.39 and a beta of 0.59. nCino, Inc. has a 1 year low of $28.09 and a 1 year high of $43.20. The firm has a fifty day moving average price of $38.63 and a 200-day moving average price of $33.95.

Analysts Set New Price Targets

NCNO has been the topic of several recent research reports. Scotiabank upped their price target on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Raymond James upgraded nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods upped their price target 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. William Blair restated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Finally, Robert W. Baird decreased their target price on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Trading of nCino

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