Y Intercept Hong Kong Ltd Purchases Shares of 7,218 nCino, Inc. (NASDAQ:NCNO)

Y Intercept Hong Kong Ltd bought a new stake in nCino, Inc. (NASDAQ:NCNO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,218 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors also recently made changes to their positions in NCNO. Fifth Third Bancorp bought a new position in nCino during the 4th quarter worth $34,000. Hilltop National Bank acquired a new stake in nCino in the 4th quarter worth about $37,000. Asset Management One Co. Ltd. boosted its holdings in nCino by 21.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the period. West Tower Group LLC acquired a new position in shares of nCino during the 3rd quarter worth approximately $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of nCino in the third quarter valued at approximately $152,000. Institutional investors own 94.76% of the company’s stock.

Insider Transactions at nCino

In other news, CEO Sean Desmond sold 5,034 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at approximately $9,991,150.20. This represents a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeff Horing sold 450,000 shares of nCino stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the transaction, the director now directly owns 12,063,467 shares of the company’s stock, valued at $449,605,415.09. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,270,085 shares of company stock worth $225,838,863. Company insiders own 28.40% of the company’s stock.

nCino Stock Down 1.5 %

NASDAQ:NCNO opened at $30.01 on Wednesday. nCino, Inc. has a one year low of $28.09 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $3.47 billion, a PE ratio of -176.52, a P/E/G ratio of 5.77 and a beta of 0.65. The firm’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $34.55.

Wall Street Analysts Forecast Growth

NCNO has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Macquarie upped their price objective on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods raised their target price on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. UBS Group started coverage on shares of nCino in a report on Monday, December 16th. They set a “buy” rating and a $44.00 price target for the company. Finally, Robert W. Baird decreased their price objective on shares of nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.