nCino, Inc. (NASDAQ:NCNO) Director Spencer Lake Sells 5,000 Shares

nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Spencer Lake sold 5,000 shares of nCino stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now owns 7,791 shares of the company's stock, valued at approximately $275,022.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

nCino Trading Up 1.4 %

NCNO stock traded up $0.47 on Monday, hitting $34.68. 780,299 shares of the company were exchanged, compared to its average volume of 886,554. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -91.26, a price-to-earnings-growth ratio of 28.37 and a beta of 0.48. nCino, Inc. has a twelve month low of $21.26 and a twelve month high of $37.48. The business's fifty day moving average is $31.19 and its two-hundred day moving average is $30.89.

Institutional Trading of nCino

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in nCino by 45.2% during the third quarter. Barclays PLC now owns 88,168 shares of the company's stock valued at $2,804,000 after acquiring an additional 27,452 shares during the period. Trexquant Investment LP purchased a new stake in shares of nCino during the 3rd quarter worth about $1,161,000. Envestnet Asset Management Inc. increased its position in nCino by 85.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 139,997 shares of the company's stock worth $4,452,000 after purchasing an additional 64,446 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in nCino in the third quarter valued at approximately $3,171,000. Finally, Fred Alger Management LLC lifted its position in nCino by 6.4% during the third quarter. Fred Alger Management LLC now owns 1,339,050 shares of the company's stock valued at $42,582,000 after buying an additional 80,556 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on nCino from $27.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 27th. Piper Sandler restated an "overweight" rating and issued a $42.00 target price on shares of nCino in a report on Wednesday, March 27th. Robert W. Baird lifted their price target on shares of nCino from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, March 27th. Needham & Company LLC boosted their price objective on shares of nCino from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Finally, William Blair restated an "outperform" rating on shares of nCino in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.40.

nCino Company Profile

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.