Wallace Advisory Group LLC Sells 480 Shares of nCino, Inc. (NASDAQ:NCNO)

Wallace Advisory Group LLC decreased its holdings in nCino, Inc. (NASDAQ:NCNO) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,671 shares of the company’s stock after selling 480 shares during the quarter. Wallace Advisory Group LLC’s holdings in nCino were worth $274,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of nCino in the fourth quarter valued at $37,000. Asset Management One Co. Ltd. grew its holdings in nCino by 21.1% during 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 during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 bought a new position in shares of nCino in the third quarter worth about $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of nCino during the third quarter worth approximately $152,000. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

NCNO has been the subject of several research analyst reports. Stephens boosted their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Truist Financial restated a “buy” rating and set a $44.00 target price (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research note on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Finally, Macquarie upped their target price on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

nCino Price Performance

Shares of NASDAQ NCNO opened at $32.54 on Tuesday. nCino, Inc. has a 52-week low of $28.09 and a 52-week 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 stock has a market cap of $3.77 billion, a P/E ratio of -191.40, a P/E/G ratio of 16.39 and a beta of 0.64. The firm has a 50 day moving average price of $37.65 and a 200 day moving average price of $34.36.

Insider Transactions at nCino

In other news, Director William J. Ruh sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the completion of the transaction, the director now owns 226,201 shares in the company, valued at $8,482,537.50. This represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Horing sold 1,356,721 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $36.02, for a total transaction of $48,869,090.42. Following the sale, the director now owns 14,656,746 shares in the company, valued at approximately $527,935,990.92. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,438,780 shares of company stock valued at $341,199,885 over the last three months. 28.40% of the stock is currently owned by corporate insiders.

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.