Jeff Horing Sells 54,876 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 54,876 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.00, for a total value of $1,920,660.00. Following the transaction, the director now directly owns 4,458,591 shares in the company, valued at approximately $156,050,685. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 18th, Jeff Horing sold 4,474,158 shares of nCino stock. The stock was sold at an average price of $35.75, for a total value of $159,951,148.50.
• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The stock was sold at an average price of $36.11, for a total transaction of $2,552,002.03.
• 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 stock was 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 shares were 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

Shares of NCNO stock opened at $33.51 on Thursday. The firm has a fifty day moving average of $37.91 and a two-hundred day moving average of $34.32. The firm has a market cap of $3.88 billion, a P/E ratio of -197.11, a P/E/G ratio of 16.39 and a beta of 0.64. nCino, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

Institutional Trading of nCino

Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. raised 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 in 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 valued at $87,000 after purchasing an additional 1,358 shares during the last quarter. West Tower Group LLC bought a new position in nCino during the 3rd quarter worth $126,000. Northwest & Ethical Investments L.P. bought a new position in shares of nCino during the third quarter worth about $152,000. Finally, Amalgamated Bank increased its holdings in shares of nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock worth $163,000 after acquiring an additional 1,134 shares during the period. 94.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on NCNO shares. Keefe, Bruyette & Woods raised their price target on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley cut their target price on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. UBS Group started coverage on shares of nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 price target for the company. Macquarie raised their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC increased their target price on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, nCino currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

About nCino

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.