SBI Securities Co. Ltd. Makes New $377,000 Investment in nCino, Inc. (NASDAQ:NCNO)

SBI Securities Co. Ltd. purchased a new position in shares of nCino, Inc. (NASDAQ:NCNO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,220 shares of the company’s stock, valued at approximately $377,000.

Several other institutional investors have also recently made changes to their positions in the stock. Long Path Partners LP increased its position in shares of nCino by 43.7% during the 3rd quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock worth $117,559,000 after purchasing an additional 1,131,271 shares during the last quarter. ShawSpring Partners LLC increased 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 worth $83,830,000 after acquiring an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in shares of nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after acquiring an additional 828,124 shares during the last quarter. Conestoga Capital Advisors LLC acquired a new position in shares of nCino during the 4th quarter worth approximately $70,256,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of nCino by 55.4% during the 3rd 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 and hedge funds own 94.76% of the company’s stock.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 4,325 shares of the company’s stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is available at this link. Also, CFO Gregory Orenstein sold 5,148 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $167,824.80. Following the completion of the transaction, the chief financial officer now directly owns 271,744 shares of the company’s stock, valued at approximately $8,858,854.40. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,270,085 shares of company stock valued at $225,838,863 in the last 90 days. Corporate insiders own 28.40% of the company’s stock.

nCino Price Performance

nCino stock opened at $30.01 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. 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 $3.47 billion, a P/E ratio of -176.52, a price-to-earnings-growth ratio of 5.77 and a beta of 0.65. The stock has a fifty day moving average of $33.10 and a 200-day moving average of $34.55.

Analyst Upgrades and Downgrades

NCNO has been the topic of a number of recent analyst reports. 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. KeyCorp reissued a “sector weight” rating on shares of nCino in a report on Monday, February 3rd. Needham & Company LLC boosted their target price on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, nCino 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.