Signaturefd LLC Decreases Position in nCino, Inc. (NASDAQ:NCNO)

Signaturefd LLC reduced its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,407 shares of the company’s stock after selling 4,697 shares during the period. Signaturefd LLC’s holdings in nCino were worth $920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in nCino in the fourth quarter valued at approximately $34,000. Hilltop National Bank purchased a new position in shares of nCino in the fourth quarter valued at $37,000. Asset Management One Co. Ltd. grew its holdings in nCino by 16.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after purchasing an additional 323 shares in the last quarter. West Tower Group LLC acquired a new position in nCino in the 3rd quarter worth $126,000. Finally, PNC Financial Services Group Inc. boosted its position in nCino by 32.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock valued at $152,000 after buying an additional 1,122 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider April Rieger sold 4,325 shares of nCino stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $140,995.00. Following the sale, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory Orenstein sold 5,148 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $167,824.80. Following the transaction, the chief financial officer now directly owns 271,744 shares of the company’s stock, valued at $8,858,854.40. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,877 shares of company stock valued at $2,963,893. Insiders own 28.40% of the company’s stock.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $28.77 on Thursday. The stock has a market capitalization of $3.33 billion, a P/E ratio of -169.23, a P/E/G ratio of 5.77 and a beta of 0.66. The firm’s 50-day moving average price is $31.99 and its two-hundred day moving average price is $34.22. nCino, Inc. has a 52-week low of $27.29 and a 52-week high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NCNO. Stephens lifted 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. UBS Group initiated coverage on nCino in a report on Monday, December 16th. They set a “buy” rating and a $44.00 price objective on the stock. Barclays upgraded nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 target price for the company in a research note on Monday, January 6th. Needham & Company LLC lifted their price target on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, William Blair reiterated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

nCino 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.