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

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

nCino Stock Performance

NCNO opened at $32.45 on Friday. The business’s fifty day simple moving average is $34.84 and its 200 day simple moving average is $34.53. 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $44.00 price objective (up previously from $37.00) on shares of nCino in a research note on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Robert W. Baird dropped 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. Stephens increased their target price on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. grew its stake in shares of nCino by 16.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after buying an additional 323 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of nCino by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after purchasing an additional 340 shares during the last quarter. Malaga Cove Capital LLC grew its stake in shares of nCino by 3.0% in the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock worth $430,000 after purchasing an additional 400 shares during the last quarter. Berry Wealth Group LP grew its stake in shares of nCino by 5.1% in the fourth quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after purchasing an additional 400 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of nCino by 2.2% in the fourth quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock worth $772,000 after purchasing an additional 500 shares during the last quarter. 94.76% of the stock is owned by 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.