nCino, Inc. (NASDAQ:NCNO – Get Free Report) Director Insight Holdings Group, Llc sold 2,498 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $31.51, for a total transaction of $78,711.98. Following the completion of the transaction, the director now owns 2,025,991 shares in the company, valued at $63,838,976.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Friday, June 21st, Insight Holdings Group, Llc sold 195,292 shares of nCino stock. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20.
- 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 value 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 value of $36,314,396.80.
nCino Price Performance
Shares of NASDAQ NCNO opened at $31.45 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -101.45, a price-to-earnings-growth ratio of 17.17 and a beta of 0.59. The stock’s 50-day moving average is $30.79 and its two-hundred day moving average is $31.53. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NCNO. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of nCino in a research note on Thursday, May 30th. Piper Sandler dropped their target price on shares of nCino from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Morgan Stanley upped their price target on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Robert W. Baird dropped their price objective on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Finally, Keefe, Bruyette & Woods assumed coverage on nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.64.
View Our Latest Analysis on nCino
Hedge Funds Weigh In On nCino
Institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors purchased a new stake in nCino during the 1st quarter worth about $60,703,000. Norges Bank acquired a new position in nCino in the fourth quarter valued at approximately $25,336,000. Clearbridge Investments LLC boosted its holdings in nCino by 96.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock valued at $36,076,000 after purchasing an additional 525,605 shares in the last quarter. Norden Group LLC increased its stake in nCino by 2,388.5% in the first quarter. Norden Group LLC now owns 454,665 shares of the company’s stock valued at $16,995,000 after purchasing an additional 436,394 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in nCino by 83.7% during the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after purchasing an additional 421,500 shares in the last quarter. Institutional investors and hedge funds own 94.76% 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.
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