nCino, Inc. (NASDAQ:NCNO) CFO Sells $167,824.80 in Stock

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

nCino Stock Down 0.9 %

NASDAQ:NCNO opened at $32.45 on Friday. nCino, Inc. has a 52 week low of $28.09 and a 52 week 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. The business’s 50-day simple moving average is $34.84 and its two-hundred day simple moving average is $34.53.

Institutional Investors Weigh In On nCino

Several large investors have recently made changes to their positions in NCNO. Fifth Third Bancorp bought a new stake in shares of nCino in the fourth quarter worth about $34,000. Hilltop National Bank bought a new stake in shares of nCino in the fourth quarter worth about $37,000. Asset Management One Co. Ltd. increased its holdings in shares of nCino by 21.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after purchasing an additional 341 shares during the last quarter. West Tower Group LLC bought a new stake in shares of nCino in the third quarter worth about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of nCino in the third quarter worth about $152,000. 94.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NCNO shares. Barclays upgraded nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research note on Monday, January 6th. Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Scotiabank raised their price target on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Stephens raised their target price on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Robert W. Baird decreased their target price on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently 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.