8,854 Shares in nCino, Inc. (NASDAQ:NCNO) Bought by Keybank National Association OH

Keybank National Association OH acquired a new position in shares of nCino, Inc. (NASDAQ:NCNO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 8,854 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also modified their holdings of NCNO. Fifth Third Bancorp bought a new position in nCino in the fourth quarter valued at about $34,000. Hilltop National Bank bought a new position in nCino in the fourth quarter valued at about $37,000. Asset Management One Co. Ltd. raised its position in nCino by 21.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the last quarter. West Tower Group LLC bought a new position in shares of nCino during the third quarter worth about $126,000. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of nCino during the third quarter worth about $152,000. 94.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NCNO has been the subject of a number of analyst reports. Macquarie raised their price objective on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Piper Sandler restated a “neutral” rating and set a $38.00 price objective 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 report on Thursday, December 5th. Scotiabank raised their target price on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens raised their target price on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.50.

nCino Stock Down 5.0 %

Shares of NASDAQ:NCNO opened at $29.00 on Tuesday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -170.58, a PEG ratio of 5.77 and a beta of 0.66. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a 12-month low of $28.48 and a 12-month high of $43.20. The business’s 50 day moving average is $32.72 and its 200 day moving average is $34.43.

Insider Activity at nCino

In related news, CFO Gregory Orenstein sold 5,148 shares of nCino stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $167,824.80. Following the sale, the chief financial officer now directly owns 271,744 shares in the company, valued at approximately $8,858,854.40. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider April Rieger sold 4,325 shares of nCino stock in a transaction 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 sale, the insider now owns 145,953 shares in the company, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,820,085 shares of company stock valued at $209,067,363 over the last 90 days. Insiders own 28.40% of the company’s stock.

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.