78,985 Shares in nCino, Inc. (NASDAQ:NCNO) Purchased by one8zero8 LLC

one8zero8 LLC acquired a new position in shares of nCino, Inc. (NASDAQ:NCNO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 78,985 shares of the company’s stock, valued at approximately $2,652,000. one8zero8 LLC owned approximately 0.07% of nCino at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Long Path Partners LP raised its holdings in nCino by 43.7% in the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock worth $117,559,000 after buying an additional 1,131,271 shares during the last quarter. ShawSpring Partners LLC raised its holdings in nCino by 115.9% in the third quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock worth $83,830,000 after buying an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in nCino by 65.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after buying an additional 828,124 shares during the last quarter. Conestoga Capital Advisors LLC purchased a new position in nCino in the fourth quarter worth about $70,256,000. Finally, Brown Brothers Harriman & Co. raised its holdings in nCino by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock worth $65,261,000 after buying an additional 736,627 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider April Rieger sold 4,325 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the completion of the transaction, the insider now owns 145,953 shares in the company, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Horing sold 4,474,158 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total transaction of $159,951,148.50. Following the sale, the director now directly owns 4,513,467 shares in the company, valued at approximately $161,356,445.25. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,631,708 shares of company stock worth $165,467,043 over the last three months. 28.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NCNO shares. Keefe, Bruyette & Woods lifted their target price on shares of nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. William Blair reaffirmed an “outperform” rating on shares of nCino in a report on Thursday, December 5th. UBS Group started coverage on shares of nCino in a report on Monday, December 16th. They issued a “buy” rating and a $44.00 target price for the company. Stephens boosted their price objective on shares of nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Macquarie boosted their price objective on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

nCino Stock Performance

NCNO opened at $28.34 on Friday. The firm has a market cap of $3.28 billion, a P/E ratio of -166.70, a PEG ratio of 5.77 and a beta of 0.66. nCino, Inc. has a 1-year low of $27.29 and a 1-year high of $43.20. The company has a 50 day simple moving average of $32.29 and a two-hundred day simple moving average of $34.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

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.