Robeco Institutional Asset Management B.V. Has $5.89 Million Position in nCino, Inc. (NASDAQ:NCNO)

Robeco Institutional Asset Management B.V. lowered its position in shares of nCino, Inc. (NASDAQ:NCNO - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,000 shares of the company's stock after selling 50,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of nCino worth $5,885,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NCNO. First Bank & Trust boosted its position in shares of nCino by 4.1% in the fourth quarter. First Bank & Trust now owns 9,970 shares of the company's stock worth $335,000 after acquiring an additional 395 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in nCino by 9.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company's stock worth $439,000 after purchasing an additional 1,087 shares during the period. Swiss National Bank boosted its holdings in nCino by 1.3% in the third quarter. Swiss National Bank now owns 111,000 shares of the company's stock valued at $3,530,000 after acquiring an additional 1,400 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of nCino by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 8,209 shares of the company's stock worth $276,000 after purchasing an additional 1,508 shares during the period. Finally, Eagle Asset Management Inc. increased its position in nCino by 0.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 381,280 shares of the company's stock worth $12,125,000 after purchasing an additional 1,677 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nCino

In other news, VP Jeanette Sellers sold 2,153 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.33, for a total value of $65,300.49. Following the completion of the transaction, the vice president now owns 27,360 shares of the company's stock, valued at $829,828.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other nCino news, VP Jeanette Sellers sold 2,153 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.33, for a total transaction of $65,300.49. Following the sale, the vice president now directly owns 27,360 shares in the company, valued at approximately $829,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sean Desmond sold 5,009 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction of $153,425.67. Following the completion of the transaction, the insider now owns 381,974 shares of the company's stock, valued at $11,699,863.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,114,061 shares of company stock worth $39,096,813 in the last three months. 28.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NCNO has been the subject of several research reports. Piper Sandler reiterated an "overweight" rating and set a $42.00 price objective on shares of nCino in a research note on Wednesday, March 27th. Needham & Company LLC upped their target price on nCino from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Robert W. Baird increased their price objective on shares of nCino from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, March 27th. William Blair reissued an "outperform" rating on shares of nCino in a research report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods started coverage on shares of nCino in a research report on Tuesday, April 9th. They set an "outperform" rating and a $41.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.91.

nCino Stock Performance

NASDAQ:NCNO traded down $0.04 during midday trading on Tuesday, reaching $31.70. 785,914 shares of the company traded hands, compared to its average volume of 901,786. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -82.92, a price-to-earnings-growth ratio of 26.53 and a beta of 0.57. The company has a fifty day moving average price of $31.55 and a 200 day moving average price of $31.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. nCino, Inc. has a twelve month low of $21.32 and a twelve month high of $37.48.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The firm had revenue of $123.69 million for the quarter, compared to the consensus estimate of $124.58 million. On average, analysts expect that nCino, Inc. will post 0.05 EPS for the current fiscal year.

About nCino

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.