Hilltop National Bank Purchases New Stake in nCino, Inc. (NASDAQ:NCNO)

Hilltop National Bank acquired a new stake in shares of nCino, Inc. (NASDAQ:NCNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,115 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its holdings in nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the last quarter. Malaga Cove Capital LLC lifted its holdings in nCino by 3.0% during the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock valued at $430,000 after purchasing an additional 400 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in nCino by 3.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock valued at $459,000 after purchasing an additional 508 shares during the last quarter. Precision Wealth Strategies LLC lifted its holdings in nCino by 4.5% during the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock valued at $428,000 after purchasing an additional 589 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in nCino by 5.9% during the third quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock valued at $465,000 after purchasing an additional 822 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Trading Down 2.9 %

Shares of NCNO opened at $32.54 on Friday. The firm’s 50 day simple moving average is $37.84 and its 200 day simple moving average is $34.31. The company has a market capitalization of $3.77 billion, a P/E ratio of -191.40, a P/E/G ratio of 16.39 and a beta of 0.64. 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, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20.

Insider Buying and Selling at nCino

In other nCino news, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at $9,705,064.60. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Ruh sold 10,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the transaction, the director now owns 226,201 shares in the company, valued at $8,482,537.50. The trade was a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,472,665 shares of company stock worth $342,379,155 over the last ninety days. Insiders own 28.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NCNO. Macquarie upped 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. Needham & Company LLC increased their price target on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. William Blair reissued an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Scotiabank increased their price target on shares of nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 price target on shares of nCino in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average price target 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.