nCino, Inc. (NASDAQ:NCNO) Director Jeff Horing Sells 450,000 Shares

by · The Cerbat Gem

nCino, Inc. (NASDAQ:NCNO – Get Free Report) Director Jeff Horing sold 450,000 shares of nCino stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the completion of the transaction, the director now owns 12,063,467 shares of the company’s stock, valued at $449,605,415.09. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 transaction of $67,160,164.50.
  • On Wednesday, October 16th, Jeff Horing sold 1,356,721 shares of nCino stock. The shares were sold at an average price of $36.02, for a total transaction of $48,869,090.42.

nCino Trading Up 1.1 %

Shares of NCNO stock opened at $36.41 on Thursday. The business has a 50-day moving average price of $38.16 and a two-hundred day moving average price of $33.77. nCino, Inc. has a 12-month low of $28.09 and a 12-month high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.22 billion, a P/E ratio of -214.18, a price-to-earnings-growth ratio of 28.36 and a beta of 0.59.

Analysts Set New Price Targets

NCNO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Stephens raised their target price on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Barclays lifted their target price on nCino from $34.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Scotiabank increased their target price on shares of nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.38.

View Our Latest Stock Analysis on nCino

Hedge Funds Weigh In On nCino

Large investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in nCino by 46.0% in the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock worth $38,327,000 after buying an additional 344,269 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of nCino in the 3rd quarter valued at $656,000. Sanctuary Advisors LLC purchased a new stake in shares of nCino in the 3rd quarter valued at $189,000. Geode Capital Management LLC grew its holdings in shares of nCino by 26.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company’s stock valued at $47,951,000 after purchasing an additional 313,637 shares during the last quarter. Finally, Bullseye Asset Management LLC raised its position in nCino by 58.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 140,878 shares of the company’s stock worth $4,451,000 after purchasing an additional 52,000 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Company Profile

(Get 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.

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