Segall Bryant & Hamill LLC Has $4.83 Million Stake in nCino, Inc. (NASDAQ:NCNO)

Segall Bryant & Hamill LLC lowered its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,717 shares of the company’s stock after selling 55,335 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.12% of nCino worth $4,826,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NCNO. Franklin Resources Inc. increased its holdings in nCino by 46.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after buying an additional 344,269 shares during the period. Thrivent Financial for Lutherans bought a new position in nCino in the third quarter valued at approximately $689,000. Verition Fund Management LLC acquired a new position in nCino during the third quarter valued at approximately $594,000. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 189,283 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in nCino by 50.0% during the third quarter. Bamco Inc. NY now owns 1,499,640 shares of the company’s stock worth $47,374,000 after purchasing an additional 499,640 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Stock Performance

Shares of NCNO stock opened at $29.49 on Friday. The stock has a market capitalization of $3.41 billion, a PE ratio of -173.46, a PEG ratio of 5.77 and a beta of 0.66. The business’s 50 day simple moving average is $31.52 and its 200 day simple moving average is $34.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino, Inc. has a one year low of $27.29 and a one year high of $43.20.

Insider Activity

In other news, Director Jeff Horing sold 54,876 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.00, for a total value of $1,920,660.00. Following the transaction, the director now directly owns 4,458,591 shares of the company’s stock, valued at $156,050,685. The trade was a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean Desmond sold 5,034 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $164,108.40. Following the sale, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at $9,991,150.20. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,877 shares of company stock valued at $2,963,893. 28.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

NCNO has been the subject of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $38.00 price target on shares of nCino in a report on Thursday, March 20th. KeyCorp reissued a “sector weight” rating on shares of nCino in a report on Monday, February 3rd. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price target on shares of nCino in a report on Thursday, December 5th. Macquarie increased their price objective on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Raymond James decreased their target price on shares of nCino from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

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.