nCino (NASDAQ:NCNO) Price Target Lowered to $40.00 at Keefe, Bruyette & Woods

nCino (NASDAQ:NCNO) had its target price decreased by Keefe, Bruyette & Woods from $44.00 to $40.00 in a research report report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. Piper Sandler restated a “neutral” rating and set a $38.00 price target on shares of nCino in a report on Thursday, December 5th. Raymond James decreased their target price on nCino from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday. William Blair reiterated an “outperform” rating on shares of nCino in a report on Thursday, December 5th. Needham & Company LLC upped their target price on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.36.

nCino Trading Down 1.9 %

Shares of NCNO opened at $28.92 on Friday. The stock has a market capitalization of $3.35 billion, a P/E ratio of -170.11, a PEG ratio of 5.77 and a beta of 0.66. nCino has a twelve month low of $27.29 and a twelve month high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $31.44 and a two-hundred day simple moving average of $34.15.

Insider Activity

In other nCino news, insider April Rieger sold 4,325 shares of nCino stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $140,995.00. Following the completion of the sale, the insider now owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. The trade was a 2.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the 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 transaction, the chief executive officer now directly owns 306,477 shares in the company, valued at $9,991,150.20. The trade was a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,877 shares of company stock valued at $2,963,893 in the last 90 days. 28.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On nCino

A number of large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in shares of nCino by 16.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,279 shares of the company’s stock worth $78,000 after buying an additional 323 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of nCino by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 12,124 shares of the company’s stock worth $407,000 after acquiring an additional 340 shares during the last quarter. Berry Wealth Group LP boosted its stake in shares of nCino by 5.1% during the 4th quarter. Berry Wealth Group LP now owns 8,207 shares of the company’s stock worth $276,000 after acquiring an additional 400 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of nCino by 2.2% during the 4th quarter. Handelsbanken Fonder AB now owns 23,000 shares of the company’s stock valued at $772,000 after acquiring an additional 500 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of nCino by 1.2% in the 4th quarter. Sterling Capital Management LLC now owns 48,945 shares of the company’s stock worth $1,644,000 after purchasing an additional 583 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

About nCino

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.