Moody Aldrich Partners LLC Sells 3,257 Shares of nCino, Inc. (NASDAQ:NCNO)

Moody Aldrich Partners LLC lessened its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 113,316 shares of the company’s stock after selling 3,257 shares during the period. Moody Aldrich Partners LLC’s holdings in nCino were worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NCNO. ShawSpring Partners LLC boosted its holdings in shares of 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 during the last quarter. Millennium Management LLC lifted its holdings in shares of nCino by 438.3% in the 2nd quarter. Millennium Management LLC now owns 1,452,242 shares of the company’s stock valued at $45,673,000 after acquiring an additional 1,182,452 shares during the last quarter. Long Path Partners LP lifted its holdings in shares of nCino by 43.7% in the 3rd 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 during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of nCino by 65.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after acquiring an additional 828,124 shares during the last quarter. Finally, American Capital Management Inc. lifted its holdings in shares of nCino by 348.9% in the 3rd quarter. American Capital Management Inc. now owns 1,029,725 shares of the company’s stock valued at $32,529,000 after acquiring an additional 800,317 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Stock Up 3.1 %

Shares of NCNO stock opened at $34.81 on Wednesday. The company’s 50 day moving average is $35.96 and its 200 day moving average is $34.51. 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 52-week low of $28.09 and a 52-week high of $43.20.

Insider Activity at nCino

In related news, Director Jeff Horing sold 1,167,424 shares of nCino stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $36.69, for a total transaction of $42,832,786.56. Following the transaction, the director now directly owns 9,790,001 shares of the company’s stock, valued at $359,195,136.69. This trade represents a 10.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 6,238,084 shares of company stock valued at $224,795,630 over the last ninety days. 28.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NCNO has been the subject of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Morgan Stanley lowered their price target on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Robert W. Baird lowered their price target on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Stephens raised their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC raised their price objective on shares of nCino from $40.00 to $45.00 and gave the stock 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 stock. Based on data from MarketBeat.com, the company 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.