nCino, Inc. (NASDAQ:NCNO) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of nCino, Inc. (NASDAQ:NCNO) by 59.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 533,747 shares of the company’s stock after buying an additional 199,124 shares during the quarter. Sei Investments Co. owned approximately 0.46% of nCino worth $17,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in nCino by 15.0% during the third quarter. Victory Capital Management Inc. now owns 11,784 shares of the company’s stock worth $372,000 after buying an additional 1,536 shares in the last quarter. Natixis Advisors LLC grew its position in nCino by 5.9% during the third quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock valued at $465,000 after acquiring an additional 822 shares during the period. Thrivent Financial for Lutherans acquired a new stake in nCino during the 3rd quarter worth approximately $689,000. Charles Schwab Investment Management Inc. grew its stake in nCino by 51.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company’s stock worth $17,588,000 after buying an additional 189,283 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of nCino by 16.7% in the third quarter. The Manufacturers Life Insurance Company now owns 23,884 shares of the company’s stock worth $754,000 after acquiring an additional 3,417 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Stock Down 0.8 %

NASDAQ:NCNO opened at $29.49 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -173.46, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66. nCino, Inc. has a one year low of $27.29 and a one year high of $43.20. The stock has a 50-day simple moving average of $31.52 and a 200 day simple moving average of $34.15.

Insider Transactions at nCino

In related news, insider April Rieger sold 4,325 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $140,995.00. Following the transaction, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeff Horing sold 54,876 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the sale, the director now owns 4,458,591 shares of the company’s stock, valued at approximately $156,050,685. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCNO. Keefe, Bruyette & Woods upped their price target on shares of nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Scotiabank decreased their price target on nCino from $42.00 to $35.00 and set a “sector outperform” rating for the company in a report on Thursday. 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. Morgan Stanley decreased their target price on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $38.00 price target on shares of nCino in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.00.

nCino 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.