nCino, Inc. (NASDAQ:NCNO) Director Sells $172,550.00 in Stock

nCino, Inc. (NASDAQ:NCNO) Director William J. Ruh sold 5,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $34.51, for a total transaction of $172,550.00. Following the transaction, the director now owns 251,201 shares in the company, valued at approximately $8,668,946.51. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

nCino Trading Up 1.3 %

Shares of NASDAQ:NCNO traded up $0.45 during mid-day trading on Tuesday, reaching $35.13. The stock had a trading volume of 1,983,012 shares, compared to its average volume of 902,677. The firm has a market cap of $4.01 billion, a PE ratio of -91.79, a price-to-earnings-growth ratio of 28.37 and a beta of 0.48. The firm has a 50 day simple moving average of $31.19 and a two-hundred day simple moving average of $30.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05. nCino, Inc. has a twelve month low of $21.26 and a twelve month high of $37.48.

Institutional Trading of nCino

A number of hedge funds have recently modified their holdings of NCNO. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of nCino by 32.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,324,045 shares of the company’s stock valued at $181,490,000 after acquiring an additional 1,808,829 shares during the period. Vanguard Group Inc. raised its position in shares of nCino by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,996,554 shares of the company’s stock valued at $238,653,000 after acquiring an additional 1,143,370 shares during the period. Norges Bank acquired a new stake in shares of nCino in the 4th quarter valued at approximately $25,336,000. BlackRock Inc. raised its position in shares of nCino by 29.4% in the 3rd quarter. BlackRock Inc. now owns 3,095,956 shares of the company’s stock valued at $105,602,000 after acquiring an additional 704,230 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in nCino during the 3rd quarter worth approximately $17,398,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCNO. Piper Sandler reiterated an “overweight” rating and set a $42.00 price target on shares of nCino in a research report on Wednesday, March 27th. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, March 27th. Morgan Stanley upped their price target on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Robert W. Baird upped their target price on shares of nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of nCino in a research report on Tuesday. They set an “outperform” rating and a $41.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.91.

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.