nCino, Inc. (NASDAQ:NCNO) Shares Acquired by KBC Group NV

KBC Group NV grew its position in nCino, Inc. (NASDAQ:NCNO) by 3,082.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 75,988 shares of the company’s stock after acquiring an additional 73,600 shares during the quarter. KBC Group NV’s holdings in nCino were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of nCino by 46.0% in the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after acquiring an additional 344,269 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of nCino during the third quarter worth $689,000. Verition Fund Management LLC acquired a new stake in shares of nCino during the third quarter worth $594,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 period. Finally, Vanderbilt University lifted its holdings in shares of nCino by 192.3% during the third quarter. Vanderbilt University now owns 140,571 shares of the company’s stock worth $4,441,000 after purchasing an additional 92,481 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeff Horing sold 450,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.27, for a total value of $16,771,500.00. Following the completion of the transaction, the director now owns 12,063,467 shares in the company, valued at $449,605,415.09. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 6,238,084 shares of company stock worth $224,795,630 over the last 90 days. 28.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NCNO has been the subject of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $44.00 price target (up from $37.00) on shares of nCino in a report on Monday, October 21st. Keefe, Bruyette & Woods increased their price target on nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley decreased their price target on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Macquarie increased their price target on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Stephens increased their price objective on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Four 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 stock currently has an average rating of “Moderate Buy” and an average price target of $42.50.

nCino Trading Down 1.6 %

Shares of NCNO stock opened at $34.01 on Friday. nCino, Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The stock has a market cap of $3.94 billion, a P/E ratio of -200.05, a P/E/G ratio of 13.16 and a beta of 0.64. The business has a fifty day simple moving average of $35.58 and a 200-day simple moving average of $34.54. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.

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.