Jeff Horing Sells 4,474,158 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNOGet Free Report) Director Jeff Horing sold 4,474,158 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $35.75, for a total transaction of $159,951,148.50. Following the transaction, the director now owns 4,513,467 shares in the company, valued at $161,356,445.25. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeff Horing also recently made the following trade(s):

  • On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The stock was sold at an average price of $36.11, for a total value of $2,552,002.03.
  • On Friday, December 13th, Jeff Horing sold 20,703 shares of nCino stock. The stock was sold at an average price of $36.63, for a total value of $758,350.89.
  • On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The shares were sold at an average price of $36.69, for a total value of $42,832,786.56.
  • On Monday, December 9th, Jeff Horing sold 450,000 shares of nCino stock. The shares were sold at an average price of $37.27, for a total value of $16,771,500.00.
  • On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50.
  • On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The stock was sold at an average price of $36.02, for a total transaction of $48,869,090.42.

nCino Price Performance

Shares of NCNO opened at $35.22 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.08 billion, a PE ratio of -207.16, a PEG ratio of 16.39 and a beta of 0.59. nCino, Inc. has a 12-month low of $28.09 and a 12-month high of $43.20. The business has a 50-day simple moving average of $38.65 and a two-hundred day simple moving average of $34.01.

Wall Street Analyst Weigh In

NCNO has been the topic of a number of analyst reports. Piper Sandler restated a “neutral” rating and set a $38.00 target price on shares of nCino in a research report on Thursday, December 5th. Needham & Company LLC raised their price objective on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Scotiabank lifted their price objective on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Tuesday, September 3rd. Finally, Robert W. Baird dropped their price target on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Check Out Our Latest Report on nCino

Hedge Funds Weigh In On nCino

Several large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of nCino by 8.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company’s stock worth $244,766,000 after purchasing an additional 635,064 shares during the last quarter. Long Path Partners LP grew its position 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 buying an additional 1,131,271 shares during the last quarter. ShawSpring Partners LLC grew its position in shares of nCino by 115.9% in the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after buying an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of nCino by 65.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock valued at $66,341,000 after buying an additional 828,124 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position 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 worth $65,261,000 after acquiring an additional 736,627 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for nCino (NASDAQ:NCNO)

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