nCino, Inc. (NASDAQ:NCNO) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in nCino, Inc. ( NASDAQ:NCNO – Free Report ) by 9.

6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,830,773 shares of the company’s stock after buying an additional 948,282 shares during the quarter. Vanguard Group Inc.



owned 9.35% of nCino worth $363,697,000 as of its most recent SEC filing. Several other institutional investors also recently modified their holdings of NCNO.

Fifth Third Bancorp bought a new stake in shares of nCino during the 4th quarter worth $34,000. Hilltop National Bank acquired a new position in shares of nCino in the 4th quarter valued at $37,000. Asset Management One Co.

Ltd. boosted its position in shares of nCino by 16.5% in the 4th quarter.

Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock valued at $78,000 after purchasing an additional 323 shares during the period.

PNC Financial Services Group Inc. increased its stake in nCino by 32.9% in the 4th quarter.

PNC Financial Services Group Inc. now owns 4,536 shares of the company’s stock worth $152,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in nCino during the 3rd quarter worth about $189,000.

Institutional investors own 94.76% of the company’s stock. nCino Trading Down 3.

9 % Shares of NASDAQ:NCNO opened at $21.71 on Friday. 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 stock has a market capitalization of $2.51 billion, a PE ratio of -127.70, a P/E/G ratio of 5.

77 and a beta of 0.69. nCino, Inc.

has a 1 year low of $18.75 and a 1 year high of $43.20.

The firm has a fifty day moving average price of $30.80 and a 200 day moving average price of $34.03.

nCino declared that its Board of Directors has approved a share buyback plan on Tuesday, April 1st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.

1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued. Insider Transactions at nCino In other news, Director Jeff Horing sold 54,876 shares of the firm’s stock in a transaction on Monday, January 6th.

The shares were sold at an average price of $35.00, for a total value of $1,920,660.00.

Following the sale, the director now owns 4,458,591 shares in the company, valued at approximately $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock.

The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, insider April Rieger sold 4,325 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.

60, for a total transaction of $140,995.00. Following the transaction, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.

80. This trade represents a 2.88 % decrease in their position.

The disclosure for this sale can be found here . Over the last three months, insiders sold 86,877 shares of company stock worth $2,963,893. 28.

40% of the stock is owned by insiders. Wall Street Analysts Forecast Growth NCNO has been the subject of several research analyst reports. Barclays reduced their price target on shares of nCino from $44.

00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered nCino from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.

00 to $24.00 in a research report on Wednesday. Morgan Stanley lowered their target price on nCino from $39.

00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of nCino from $40.

00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Raymond James lowered their price objective on shares of nCino from $42.

00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock.

According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.33.

View Our Latest Analysis on nCino 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. Featured Stories 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. ( NASDAQ:NCNO – Free Report ). 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 ..