2 weeks Ago By Defense World Staff
HighTower Advisors LLC boosted its holdings in nCino, Inc. ( NASDAQ:NCNO – Free Report ) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 17,620 shares of the company’s stock after purchasing an additional 714 shares during the quarter. HighTower Advisors LLC’s holdings in nCino were worth $592,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in NCNO.
Franklin Resources Inc. increased its stake in shares of nCino by 46.0% in the 3rd quarter.
Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after acquiring an additional 344,269 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in nCino in the third quarter worth $689,000.
Verition Fund Management LLC bought a new stake in nCino in the third quarter valued at $594,000. Charles Schwab Investment Management Inc. raised its holdings in shares of nCino by 51.
5% during the third quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company’s stock valued at $17,588,000 after purchasing an additional 189,283 shares during the period.
Finally, Bamco Inc. NY raised its holdings in shares of nCino by 50.0% during the third quarter.
Bamco Inc. NY now owns 1,499,640 shares of the company’s stock valued at $47,374,000 after purchasing an additional 499,640 shares during the period. 94.
76% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of analysts recently commented on NCNO shares. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.
00 target price for the company in a research report on Monday, January 6th. Morgan Stanley lowered their target price on nCino from $41.00 to $39.
00 and set an “equal weight” rating on the stock in a research report on Friday, December 6th. KeyCorp reiterated a “sector weight” rating on shares of nCino in a report on Monday, February 3rd. Raymond James decreased their price target on shares of nCino from $44.
00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Finally, UBS Group assumed coverage on shares of nCino in a research note on Monday, December 16th.
They issued a “buy” rating and a $44.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock.
According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.36. Insider Buying and Selling at nCino In other nCino news, insider April Rieger sold 4,325 shares of the firm’s stock in a transaction on Tuesday, February 4th.
The shares were sold at an average price of $32.60, for a total value of $140,995.00.
Following the completion of the transaction, the insider now directly owns 145,953 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link . Also, Director Jeff Horing sold 54,876 shares of the business’s stock in a transaction on Monday, January 6th.
The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00.
Following the transaction, the director now owns 4,458,591 shares of the company’s stock, valued at $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 86,877 shares of company stock valued at $2,963,893 in the last quarter. 28.
40% of the stock is currently owned by corporate insiders. nCino Price Performance Shares of NASDAQ NCNO opened at $28.92 on Friday.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.
95. nCino, Inc. has a fifty-two week low of $27.
29 and a fifty-two week high of $43.20. The stock has a market cap of $3.
35 billion, a PE ratio of -170.11, a price-to-earnings-growth ratio of 5.77 and a beta of 0.
66. The stock has a fifty day moving average of $31.44 and a 200-day moving average of $34.
18. About nCino ( Free Report ) 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.
See Also Five stocks we like better than nCino Natural Gas Prices Continue To Rally, These Stocks Should Benefit MarketBeat Week in Review – 03/24 – 03/28 Investing In Preferred Stock vs. Common Stock Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low How to Start Investing in Real Estate 4 Healthcare Stocks With Massive Gains—and More to Come Receive News & Ratings for nCino Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nCino and related companies with MarketBeat.com's FREE daily email newsletter .
.
