15,484 Shares in nCino, Inc. (NASDAQ:NCNO) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. bought a new position in nCino, Inc. (NASDAQ:NCNO) in the fourth quarter, Holdings Channel.com reports. The firm bought 15,484 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of nCino by 45.2% in the third quarter. Barclays PLC now owns 88,168 shares of the company’s stock worth $2,804,000 after acquiring an additional 27,452 shares during the last quarter. Trexquant Investment LP bought a new position in shares of nCino in the third quarter worth about $1,161,000. Envestnet Asset Management Inc. lifted its holdings in shares of nCino by 85.3% in the third quarter. Envestnet Asset Management Inc. now owns 139,997 shares of the company’s stock worth $4,452,000 after acquiring an additional 64,446 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of nCino in the third quarter worth about $3,171,000. Finally, Fred Alger Management LLC lifted its holdings in shares of nCino by 6.4% in the third quarter. Fred Alger Management LLC now owns 1,339,050 shares of the company’s stock worth $42,582,000 after acquiring an additional 80,556 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NCNO shares. Robert W. Baird increased their target price on shares of nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Morgan Stanley raised their price objective on shares of nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Piper Sandler reiterated an “overweight” rating and issued a $42.00 price objective on shares of nCino in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of nCino in a report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price objective for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.91.

Insider Buying and Selling at nCino

In other nCino news, CFO Gregory Orenstein sold 2,410 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.41, for a total transaction of $82,928.10. Following the completion of the sale, the chief financial officer now owns 295,246 shares of the company’s stock, valued at approximately $10,159,414.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Gregory Orenstein sold 2,410 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.41, for a total transaction of $82,928.10. Following the completion of the sale, the chief financial officer now owns 295,246 shares of the company’s stock, valued at approximately $10,159,414.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jeanette Sellers sold 894 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total transaction of $27,874.92. Following the sale, the vice president now directly owns 20,770 shares of the company’s stock, valued at approximately $647,608.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,105,300 shares of company stock valued at $38,835,333. 38.20% of the stock is currently owned by company insiders.

nCino Stock Performance

NASDAQ:NCNO opened at $29.94 on Wednesday. The company has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $30.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. nCino, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $37.48.

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.