Asset Management One Co. Ltd. Acquires 323 Shares of nCino, Inc. (NASDAQ:NCNO)

Asset Management One Co. Ltd. raised its holdings in nCino, Inc. (NASDAQ:NCNO) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,279 shares of the company’s stock after buying an additional 323 shares during the quarter. Asset Management One Co. Ltd.’s holdings in nCino were worth $78,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NCNO. Conestoga Capital Advisors LLC acquired a new position in nCino during the 4th quarter worth about $70,256,000. ShawSpring Partners LLC grew its stake 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 acquiring an additional 1,424,349 shares in the last quarter. Long Path Partners LP grew its stake in shares of nCino by 43.7% during the 3rd quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock worth $117,559,000 after acquiring an additional 1,131,271 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake 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 acquiring an additional 828,124 shares in the last quarter. Finally, American Capital Management Inc. boosted its holdings in shares of nCino by 348.9% in the 3rd quarter. American Capital Management Inc. now owns 1,029,725 shares of the company’s stock valued at $32,529,000 after buying an additional 800,317 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Stock Down 2.4 %

NCNO opened at $32.06 on Friday. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week 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 company has a market capitalization of $3.71 billion, a P/E ratio of -188.58, a P/E/G ratio of 5.80 and a beta of 0.65. The stock has a fifty day moving average of $33.69 and a 200-day moving average of $34.60.

Insider Transactions at nCino

In related news, Director Jeff Horing sold 4,474,158 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $35.75, for a total value of $159,951,148.50. Following the transaction, the director now owns 4,513,467 shares in the company, valued at approximately $161,356,445.25. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sean Desmond sold 5,034 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 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. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,270,085 shares of company stock valued at $225,838,863. 28.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Robert W. Baird cut their price objective on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a report on Monday, January 6th. Needham & Company LLC increased their price objective on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Macquarie increased their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.