nCino, Inc. (NASDAQ:NCNO) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its stake in nCino, Inc. (NASDAQ:NCNO) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 103,789 shares of the company’s stock after purchasing an additional 6,751 shares during the period. Captrust Financial Advisors’ holdings in nCino were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in NCNO. Simplicity Wealth LLC acquired a new position in shares of nCino during the second quarter valued at $3,530,000. Vanderbilt University bought a new position in nCino during the second quarter valued at about $1,512,000. Portside Wealth Group LLC boosted its stake in nCino by 23.4% during the second quarter. Portside Wealth Group LLC now owns 39,786 shares of the company’s stock valued at $1,251,000 after buying an additional 7,536 shares in the last quarter. Raymond James & Associates boosted its stake in nCino by 6.0% during the second quarter. Raymond James & Associates now owns 403,429 shares of the company’s stock valued at $12,688,000 after buying an additional 22,729 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in nCino during the second quarter valued at about $236,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Scotiabank increased their price target on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $43.00 price target on shares of nCino in a research report on Wednesday, August 28th. Truist Financial reiterated a “buy” rating and issued a $44.00 price target (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Morgan Stanley increased their price target on nCino from $30.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of nCino in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus target price of $41.23.

nCino Stock Up 2.4 %

NCNO opened at $42.50 on Thursday. The business has a 50 day moving average price of $37.34 and a 200 day moving average price of $33.51. nCino, Inc. has a twelve month low of $28.09 and a twelve month high of $43.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $4.91 billion, a P/E ratio of -157.41, a price-to-earnings-growth ratio of 34.46 and a beta of 0.59.

Insider Buying and Selling

In other nCino news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $37.50, for a total value of $375,000.00. Following the transaction, the director now directly owns 226,201 shares of the company’s stock, valued at $8,482,537.50. The trade was a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Orenstein sold 3,885 shares of nCino stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $35.05, for a total value of $136,169.25. Following the completion of the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,235,029 shares of company stock worth $117,599,204. 28.40% of the stock is currently owned by insiders.

nCino Company 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.