Advantage Alpha Capital Partners LP Reduces Position in nCino, Inc. (NASDAQ:NCNO)

Advantage Alpha Capital Partners LP lessened its holdings in nCino, Inc. (NASDAQ:NCNO) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,541 shares of the company’s stock after selling 63,410 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.09% of nCino worth $3,544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of nCino by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 10,830,773 shares of the company’s stock worth $363,697,000 after purchasing an additional 948,282 shares during the last quarter. Long Path Partners LP boosted its stake in shares of 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 lifted 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 valued at $83,830,000 after acquiring an additional 1,424,349 shares during the period. ArrowMark Colorado Holdings LLC lifted 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 valued at $66,341,000 after acquiring an additional 828,124 shares during the period. Finally, Conestoga Capital Advisors LLC purchased a new stake in nCino in the 4th quarter worth approximately $70,256,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NCNO shares. Robert W. Baird decreased their target price on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Macquarie lifted 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. Stephens restated an “equal weight” rating and set a $38.00 price target on shares of nCino in a research report on Thursday. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods raised their target price on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Insider Activity at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the transaction, the director now owns 4,458,591 shares of the company’s stock, valued at approximately $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of nCino stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $164,108.40. Following the sale, the chief executive officer now owns 306,477 shares in the company, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,877 shares of company stock valued at $2,963,893 in the last ninety days. Insiders own 28.40% of the company’s stock.

nCino Stock Performance

Shares of nCino stock opened at $28.50 on Monday. 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 52 week low of $27.29 and a 52 week high of $43.20. The firm’s 50 day moving average is $31.81 and its two-hundred day moving average is $34.23. The firm has a market capitalization of $3.30 billion, a P/E ratio of -167.64, a P/E/G ratio of 5.77 and a beta of 0.66.

nCino 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.