nCino Inc. $NCNO Stock Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its nCino stake by 33.3% in the third quarter, adding 50,273 shares to own 201,441 shares worth approximately $3.65 million. Institutional investors collectively own 94.76% of NCNO.
• Analysts maintain a generally positive outlook, with nCino receiving a consensus “Moderate Buy” rating and an average price target of $23.42; individual targets range up to $26.
• nCino shares opened at $23.17, with a market capitalization of about $2.45 billion and a 52-week trading range of $13.80 to $27.50. Insiders have sold approximately $2.66 million of stock over the past 90 days, primarily to cover tax obligations on vested equity awards.

Robeco Institutional Asset Management B.V. lifted its position in nCino Inc. (NASDAQ:NCNO - Free Report) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,441 shares of the company's stock after purchasing an additional 50,273 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.19% of nCino worth $3,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its position in nCino by 7,370.4% during the second quarter. IFP Advisors Inc now owns 2,017 shares of the company's stock worth $33,000 after buying an additional 1,990 shares in the last quarter. Optiver Holding B.V. bought a new position in nCino in the 1st quarter worth about $32,000. Versant Capital Management Inc raised its holdings in shares of nCino by 664.9% in 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of nCino by 5,250.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the company's stock valued at $50,000 after acquiring an additional 3,255 shares in the last quarter. Finally, Essential Partners LLC raised its holdings in shares of nCino by 9,400.0% in the 1st quarter. Essential Partners LLC now owns 3,800 shares of the company's stock valued at $57,000 after acquiring an additional 3,760 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. KeyCorp reiterated a "sector weight" rating on shares of nCino in a research report on Monday, October 12th. Citigroup restated a "market outperform" rating on shares of nCino in a research report on Wednesday, August 26th. Keefe, Bruyette & Woods raised their target price on shares of nCino from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, August 26th. Truist Financial lifted their target price on shares of nCino from $19.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, August 26th. Finally, Stephens initiated coverage on shares of nCino in a research report on Friday, October 16th. They set an "overweight" rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.42.

nCino Price Performance

NCNO opened at $23.17 on Monday. The stock has a market cap of $2.45 billion, a PE ratio of 77.23 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $27.50. The business's fifty day simple moving average is $20.87 and its 200 day simple moving average is $18.34.

Insider Activity

In other news, SVP Jeanette Sellers sold 1,536 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $19.53, for a total transaction of $29,998.08. Following the transaction, the senior vice president directly owned 48,453 shares in the company, valued at approximately $946,287.09. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, insider April Rieger sold 6,098 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $21.98, for a total value of $134,034.04. Following the transaction, the insider directly owned 369,651 shares in the company, valued at approximately $8,124,928.98. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 134,130 shares of company stock valued at $2,662,794. 1.90% of the stock is owned by insiders.

nCino Profile

nCino, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help institutions modernize banking operations, improve customer experiences and manage lending and deposit-related processes through a centralized, cloud-based environment.

The company's products support commercial, small-business and consumer lending; account opening and onboarding; deposit account management; loan origination and servicing; portfolio management; and related reporting and workflow automation.

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