nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing Sells 70,673 Shares

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 70,673 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.11, for a total transaction of $2,552,002.03. Following the completion of the sale, the director now owns 8,987,625 shares of the company’s stock, valued at approximately $324,543,138.75. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 13th, Jeff Horing sold 20,703 shares of nCino stock. The stock was sold at an average price of $36.63, for a total transaction of $758,350.89.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The shares were 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 value 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 value 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 value of $48,869,090.42.

nCino Price Performance

nCino stock traded down $0.56 during midday trading on Tuesday, reaching $35.40. 804,615 shares of the stock were exchanged, compared to its average volume of 1,100,865. 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 firm has a market cap of $4.10 billion, a PE ratio of -211.53, a PEG ratio of 16.82 and a beta of 0.59. The company’s fifty day moving average is $38.48 and its 200-day moving average is $33.91.

Institutional Investors Weigh In On nCino

Institutional investors and hedge funds have recently made changes to their positions in the business. Crewe Advisors LLC purchased a new position in nCino during the second quarter worth about $26,000. Asset Management One Co. Ltd. boosted its position in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after acquiring an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of nCino by 97.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $87,000 after purchasing 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 approximately $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in nCino in the third quarter valued at approximately $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NCNO. Truist Financial restated a “buy” rating and set a $44.00 price objective (up previously from $37.00) on shares of nCino in a report on Monday, October 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 price target on shares of nCino in a report on Wednesday, August 28th. Macquarie increased their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Scotiabank raised their target price on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.