Gregory Orenstein Sells 5,148 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 5,148 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $167,824.80. Following the completion of the sale, the chief financial officer now owns 271,744 shares in the company, valued at $8,858,854.40. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

nCino Stock Down 0.0 %

Shares of NCNO opened at $32.44 on Friday. The firm has a market capitalization of $3.76 billion, a P/E ratio of -190.81, a P/E/G ratio of 13.00 and a beta of 0.65. nCino, Inc. has a 12-month low of $28.09 and a 12-month high of $43.20. The firm has a fifty day moving average price of $34.64 and a 200-day moving average price of $34.53. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NCNO shares. William Blair restated an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Keefe, Bruyette & Woods boosted their price objective on nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Morgan Stanley lowered their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. UBS Group initiated coverage on nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Robert W. Baird lowered their price target on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Institutional Investors Weigh In On nCino

Several large investors have recently added to or reduced their stakes in NCNO. Long Path Partners LP raised its stake in shares of nCino by 43.7% during the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after acquiring an additional 1,131,271 shares in the last quarter. ShawSpring Partners LLC raised its position in nCino by 115.9% during the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after purchasing an additional 1,424,349 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after purchasing an additional 828,124 shares in the last quarter. Conestoga Capital Advisors LLC bought a new position in shares of nCino during the 4th quarter worth $70,256,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of nCino by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock valued at $65,261,000 after buying an additional 736,627 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.