nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude Sells 17,026 Shares of Stock

nCino, Inc. (NASDAQ:NCNO) Director Pierre Naude sold 17,026 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $555,047.60. Following the sale, the director now owns 1,097,213 shares in the company, valued at approximately $35,769,143.80. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $32.45 on Friday. The business’s 50-day moving average price is $34.84 and its two-hundred day moving average price is $34.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. nCino, Inc. has a one year low of $28.09 and a one year high of $43.20.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NCNO shares. Keefe, Bruyette & Woods lifted their target price on nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Stephens boosted their price objective on nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group began coverage on nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 price objective for the company. Robert W. Baird cut their target price on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of nCino in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NCNO. Fifth Third Bancorp purchased a new position in nCino in the fourth quarter valued at about $34,000. Hilltop National Bank bought a new stake in shares of nCino during the 4th quarter worth about $37,000. Asset Management One Co. Ltd. boosted its stake 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 worth $62,000 after acquiring an additional 341 shares in the last quarter. West Tower Group LLC bought a new stake in shares of nCino during the 3rd quarter worth about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of nCino during the 3rd quarter worth about $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.