119,688 Shares in nCino Inc. $NCNO Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 119,688 nCino shares worth approximately $1.96 million in the second quarter, while institutional investors collectively own 94.76% of the company.
• nCino shares opened at $22.99, with a $2.43 billion market capitalization and a 52-week range of $13.80 to $32.53. The stock carries a high PE ratio of 76.63.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $24.38, although insiders have sold $1.57 million worth of shares over the past 90 days.

Deutsche Bank AG acquired a new stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,688 shares of the company's stock, valued at approximately $1,957,000. Deutsche Bank AG owned about 0.11% of nCino as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NCNO. CWM LLC lifted its stake in shares of nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after buying an additional 821 shares in the last quarter. Optiver Holding B.V. purchased a new position in nCino in the 1st quarter valued at approximately $32,000. Los Angeles Capital Management LLC purchased a new position in nCino in the 4th quarter valued at approximately $38,000. Versant Capital Management Inc raised its holdings in nCino by 664.9% during the 2nd quarter. Versant Capital Management Inc now owns 2,417 shares of the company's stock valued at $40,000 after acquiring an additional 2,101 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company's stock worth $43,000 after acquiring an additional 722 shares in the last quarter. Institutional investors own 94.76% of the company's stock.

nCino Trading Down 1.4%

NCNO stock opened at $22.99 on Friday. The company has a market capitalization of $2.43 billion, a PE ratio of 76.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.85. nCino Inc. has a one year low of $13.80 and a one year high of $32.53. The company's 50 day moving average price is $18.35 and its two-hundred day moving average price is $16.97.

Insider Buying and Selling

In other news, insider April Rieger sold 7,852 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $150,915.44. Following the completion of the sale, the insider owned 375,749 shares of the company's stock, valued at approximately $7,221,895.78. The trade was a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeanette Sellers sold 1,536 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total value of $29,998.08. Following the completion of the sale, the senior vice president directly owned 48,453 shares of the company's stock, valued at approximately $946,287.09. This trade represents a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,350 shares of company stock worth $1,568,144 over the last 90 days. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of nCino in a research report on Wednesday. Wall Street Zen raised nCino from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a "sell (d+)" rating on shares of nCino in a research report on Tuesday. Barclays raised their price objective on shares of nCino from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Piper Sandler initiated coverage on shares of nCino in a research note on Monday. They set an "overweight" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

nCino Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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