nCino, Inc. (NASDAQ:NCNO – Get Free Report) Director Insight Holdings Group, Llc sold 195,292 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20. Following the sale, the director now owns 2,057,578 shares of the company’s stock, valued at approximately $65,019,464.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Monday, June 24th, Insight Holdings Group, Llc sold 138,319 shares of nCino stock. The shares were sold at an average price of $31.53, for a total transaction of $4,361,198.07.
- On Monday, April 1st, Insight Holdings Group, Llc sold 1,031,659 shares of nCino stock. The stock was sold at an average price of $35.20, for a total transaction of $36,314,396.80.
nCino Price Performance
NCNO stock opened at $31.47 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $30.72 and its 200-day moving average price is $31.52. nCino, Inc. has a one year low of $27.13 and a one year high of $37.48. The company has a market capitalization of $3.62 billion, a PE ratio of -101.51, a price-to-earnings-growth ratio of 17.19 and a beta of 0.59.
Hedge Funds Weigh In On nCino
Several institutional investors have recently added to or reduced their stakes in NCNO. Benjamin F. Edwards & Company Inc. bought a new position in shares of nCino during the 1st quarter valued at approximately $52,000. Covestor Ltd lifted its position in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after purchasing an additional 625 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after buying an additional 3,062 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after buying an additional 2,677 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of nCino during the 4th quarter valued at about $171,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on NCNO. Piper Sandler decreased their price target on shares of nCino from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Keefe, Bruyette & Woods assumed coverage on nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price on the stock. Stephens reissued an “equal weight” rating and set a $35.00 price target on shares of nCino in a report on Thursday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of nCino in a research note on Thursday, May 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.64.
View Our Latest Report on NCNO
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.
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