April Rieger Sells 4,325 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) insider April Rieger sold 4,325 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the completion of the sale, the insider now owns 145,953 shares of the company’s stock, valued at $4,758,067.80. This represents a 2.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

nCino Price Performance

Shares of NCNO stock opened at $32.44 on Friday. nCino, Inc. has a 52 week low of $28.09 and a 52 week high of $43.20. The stock has a market capitalization of $3.76 billion, a PE ratio of -190.81, a PEG ratio of 13.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s fifty day moving average is $34.64 and its 200-day moving average is $34.53.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NCNO. William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Macquarie increased their price objective on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Truist Financial reiterated a “buy” rating and set a $44.00 target price (up from $37.00) on shares of nCino in a research report on Monday, October 21st. Piper Sandler restated a “neutral” rating and set a $38.00 price target on shares of nCino in a research note on Thursday, December 5th. Finally, Robert W. Baird lowered their price objective on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Investors Weigh In On nCino

Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake in shares of nCino by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 17,620 shares of the company’s stock worth $592,000 after acquiring an additional 714 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of nCino in the fourth quarter valued at approximately $311,000. Amundi raised its position in nCino by 312.1% in the 4th quarter. Amundi now owns 6,004 shares of the company’s stock worth $201,000 after purchasing an additional 4,547 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in nCino by 32.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock worth $152,000 after buying an additional 1,122 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in nCino by 49.3% in the 4th quarter. Edgestream Partners L.P. now owns 116,934 shares of the company’s stock valued at $3,927,000 after buying an additional 38,616 shares during the last quarter. 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.