Jeff Horing Sells 4,474,158 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing sold 4,474,158 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the transaction, the director now directly owns 4,513,467 shares of the company’s stock, valued at approximately $161,356,445.25. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jeff Horing also recently made the following trade(s):

• On Monday, December 16th, Jeff Horing sold 70,673 shares of nCino stock. The shares were sold at an average price of $36.11, for a total value of $2,552,002.03.
• On Friday, December 13th, Jeff Horing sold 20,703 shares of nCino stock. The stock was sold at an average price of $36.63, for a total value of $758,350.89.
• On Wednesday, December 11th, Jeff Horing sold 1,167,424 shares of nCino stock. The shares were sold at an average price of $36.69, for a total transaction of $42,832,786.56.
• On Monday, December 9th, Jeff Horing sold 450,000 shares of nCino stock. The shares were sold at an average price of $37.27, for a total transaction of $16,771,500.00.
• On Friday, October 18th, Jeff Horing sold 1,833,975 shares of nCino stock. The shares were sold at an average price of $36.62, for a total value of $67,160,164.50.
• On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The stock was sold at an average price of $36.02, for a total value of $48,869,090.42.

nCino Trading Up 2.0 %

NCNO opened at $35.22 on Friday. nCino, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.08 billion, a P/E ratio of -207.16, a price-to-earnings-growth ratio of 16.39 and a beta of 0.59. The company has a fifty day moving average price of $38.65 and a two-hundred day moving average price of $33.99.

Analyst Upgrades and Downgrades

Several brokerages have commented on NCNO. William Blair reiterated an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Scotiabank boosted their price objective on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. JMP Securities restated a “market outperform” rating and set a $43.00 price target on shares of nCino in a research note on Wednesday, August 28th. Barclays raised their price target on shares of nCino from $34.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Finally, Stephens increased their price objective on nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its holdings in nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after purchasing an additional 341 shares during the last quarter. Malaga Cove Capital LLC increased its holdings in nCino by 3.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock worth $430,000 after acquiring an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in nCino by 3.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock worth $459,000 after acquiring an additional 508 shares during the period. Precision Wealth Strategies LLC increased its holdings in nCino by 4.5% during the 3rd quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock worth $428,000 after acquiring an additional 589 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of nCino in the 2nd quarter worth $26,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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.