nCino, Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 4,474,158 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the completion of the sale, the director now directly owns 4,513,467 shares in the company, valued at $161,356,445.25. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jeff Horing also recently made the following trade(s):

Shares of NCNO stock traded up $0.68 on Friday, hitting $35.22. The company had a trading volume of 2,272,972 shares, compared to its average volume of 1,127,989. nCino, Inc. has a twelve month low of $28.09 and a twelve month high of $43.20. 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 firm has a market cap of $4.08 billion, a P/E ratio of -207.16, a P/E/G ratio of 16.39 and a beta of 0.59. The stock's 50-day moving average is $38.63 and its two-hundred day moving average is $33.95.

Several hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of nCino by 8.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company's stock valued at $244,766,000 after purchasing an additional 635,064 shares during the period. Long Path Partners LP lifted its stake in nCino by 43.7% in the third quarter. Long Path Partners LP now owns 3,721,406 shares of the company's stock valued at $117,559,000 after buying an additional 1,131,271 shares during the period. ShawSpring Partners LLC boosted its holdings in shares of nCino by 115.9% during the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company's stock worth $83,830,000 after buying an additional 1,424,349 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company's stock worth $66,341,000 after buying an additional 828,124 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of nCino by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company's stock valued at $65,261,000 after acquiring an additional 736,627 shares in the last quarter. Institutional investors own 94.76% of the company's stock.

NCNO has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective 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. William Blair reissued an "outperform" rating on shares of nCino in a research note on Thursday, December 5th. Truist Financial reiterated a "buy" rating and set a $44.00 price objective (up from $37.00) on shares of nCino in a report on Monday, October 21st. Raymond James upgraded nCino from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Tuesday, September 3rd. Finally, Macquarie increased their price target 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

View Our Latest Report on NCNO

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.

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