Stanley Laman Group Ltd. Trims Position in nCino, Inc. (NASDAQ:NCNO)

Stanley Laman Group Ltd. decreased its position in shares of nCino, Inc. (NASDAQ:NCNO) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,716 shares of the company’s stock after selling 772 shares during the period. Stanley Laman Group Ltd.’s holdings in nCino were worth $561,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in nCino during the fourth quarter worth approximately $34,000. Hilltop National Bank purchased a new position in nCino during the fourth quarter worth approximately $37,000. Asset Management One Co. Ltd. raised its stake in nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after purchasing an additional 341 shares during the period. West Tower Group LLC purchased a new position in nCino during the third quarter worth approximately $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in nCino during the third quarter worth approximately $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Price Performance

NCNO opened at $34.40 on Friday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -202.34, a PEG ratio of 5.70 and a beta of 0.65. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino, Inc. has a twelve month low of $28.09 and a twelve month high of $43.20. The company has a fifty day simple moving average of $34.08 and a 200 day simple moving average of $34.55.

Insiders Place Their Bets

In other nCino news, CEO Sean Desmond sold 5,034 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $164,108.40. Following the completion of the transaction, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Orenstein sold 5,148 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 $167,824.80. Following the transaction, the chief financial officer now directly owns 271,744 shares of the company’s stock, valued at approximately $8,858,854.40. This represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,270,085 shares of company stock valued at $225,838,863 in the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Wall Street Analyst Weigh In

NCNO has been the subject of several recent research reports. Robert W. Baird dropped their price objective on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. William Blair reissued an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Keefe, Bruyette & Woods increased 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. Stephens increased their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.