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

nCino, Inc. (NASDAQ:NCNO) Director Spencer Lake sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

nCino Stock Performance

NASDAQ:NCNO opened at $34.68 on Tuesday. The company has a fifty day moving average of $31.19 and a 200-day moving average of $30.89. nCino, Inc. has a twelve month low of $21.26 and a twelve month high of $37.48. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.96 billion, a P/E ratio of -91.26, a P/E/G ratio of 28.37 and a beta of 0.48.

Institutional Trading of nCino

Several hedge funds have recently bought and sold shares of NCNO. Raymond James Financial Services Advisors Inc. grew its position in nCino by 36.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,277 shares of the company’s stock valued at $257,000 after purchasing an additional 1,672 shares during the period. MetLife Investment Management LLC acquired a new stake in nCino in the 1st quarter valued at $149,000. Blair William & Co. IL acquired a new stake in nCino in the 1st quarter valued at $1,064,000. Canada Pension Plan Investment Board grew its position in nCino by 682.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,936 shares of the company’s stock valued at $284,000 after purchasing an additional 6,050 shares during the period. Finally, Vanguard Group Inc. grew its position in nCino by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 5,691,682 shares of the company’s stock valued at $233,246,000 after purchasing an additional 564,654 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NCNO. Needham & Company LLC raised their price target on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. William Blair restated an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Robert W. Baird raised 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. Morgan Stanley raised their price target on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $42.00 price objective on shares of nCino in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, nCino has an average rating of “Moderate Buy” and a consensus target price of $35.40.

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, 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.