2 weeks Ago By ABMN Staff
HighTower Advisors LLC boosted its position in nCino, Inc. ( NASDAQ:NCNO – Free Report ) by 4.2% during the fourth quarter, Holdings Channel reports.
The fund owned 17,620 shares of the company’s stock after acquiring an additional 714 shares during the period. HighTower Advisors LLC’s holdings in nCino were worth $592,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in NCNO.
Fifth Third Bancorp bought a new position in shares of nCino during the 4th quarter valued at $34,000. Hilltop National Bank bought a new position in shares of nCino during the fourth quarter valued at about $37,000. Asset Management One Co.
Ltd. increased its holdings in shares of nCino by 16.5% in the fourth quarter.
Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock worth $78,000 after buying an additional 323 shares during the period.
Northwest & Ethical Investments L.P. bought a new stake in shares of nCino in the 3rd quarter valued at about $152,000.
Finally, PNC Financial Services Group Inc. boosted its holdings in nCino by 32.9% during the 4th quarter.
PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock valued at $152,000 after acquiring an additional 1,122 shares during the period. Hedge funds and other institutional investors own 94.
76% of the company’s stock. Wall Street Analyst Weigh In A number of analysts have recently weighed in on NCNO shares. Stephens restated an “equal weight” rating and issued a $38.
00 target price on shares of nCino in a report on Thursday, March 20th. Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Monday, January 6th.
UBS Group initiated coverage on shares of nCino in a research report on Monday, December 16th. They issued a “buy” rating and a $44.00 price objective on the stock.
Scotiabank cut their target price on nCino from $42.00 to $35.00 and set a “sector outperform” rating on the stock in a research note on Thursday.
Finally, William Blair restated an “outperform” rating on shares of nCino in a report 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. According to data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.36. Insider Transactions at nCino In related news, insider April Rieger sold 4,325 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. This represents a 2.
88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Jeff Horing sold 54,876 shares of nCino stock in a transaction that occurred 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 directly owns 4,458,591 shares in the company, valued at $156,050,685. This represents a 1.22 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 86,877 shares of company stock worth $2,963,893 in the last three months. Corporate insiders own 28.
40% of the company’s stock. nCino Stock Down 1.9 % NCNO opened at $28.
92 on Friday. The firm’s 50 day simple moving average is $31.44 and its two-hundred day simple moving average is $34.
18. The company has a market capitalization of $3.35 billion, a PE ratio of -170.
11, a PEG ratio of 5.77 and a beta of 0.66.
nCino, Inc. has a 1-year low of $27.29 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. nCino Company Profile ( 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 Want to see what other hedge funds are holding NCNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nCino, Inc.
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