nCino (NASDAQ:NCNO) Given Equal Weight Rating at Stephens

Stephens reiterated their equal weight rating on shares of nCino (NASDAQ:NCNO) in a report published on Thursday,Benzinga reports. The firm currently has a $38.00 price objective on the stock.

A number of other brokerages also recently issued reports on NCNO. Macquarie increased their price objective on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Piper Sandler reiterated a “neutral” rating and set a $38.00 price objective on shares of nCino in a research note on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley dropped their target price on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

nCino Trading Down 1.3 %

Shares of nCino stock opened at $28.41 on Thursday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of -167.11, a PEG ratio of 5.77 and a beta of 0.66. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino has a 12-month low of $27.29 and a 12-month high of $43.20. The firm’s 50-day moving average price is $31.89 and its two-hundred day moving average price is $34.18.

Insider Activity at nCino

In related news, CEO Sean Desmond sold 5,034 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the completion of the transaction, the chief executive officer now owns 306,477 shares in the company, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider April Rieger sold 4,325 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the completion of the transaction, the insider now owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. This trade represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,877 shares of company stock worth $2,963,893 in the last quarter. 28.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in nCino during the 4th quarter worth approximately $34,000. Hilltop National Bank bought a new position in nCino during the 4th quarter worth approximately $37,000. Johnson Financial Group Inc. bought a new position in nCino during the 4th quarter worth approximately $57,000. Asset Management One Co. Ltd. raised its holdings in nCino by 16.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock worth $78,000 after purchasing an additional 323 shares during the last quarter. Finally, West Tower Group LLC bought a new position in nCino during the 3rd quarter worth approximately $126,000. Institutional investors own 94.76% of the company’s stock.

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 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.