Integrity Alliance LLC. Acquires 31,007 Shares of nCino Inc. $NCNO

Integrity Alliance LLC. bought a new stake in shares of nCino Inc. (NASDAQ:NCNO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,007 shares of the company’s stock, valued at approximately $562,000.

Other hedge funds also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new stake in nCino in the 1st quarter worth $32,000. IFP Advisors Inc raised its holdings in nCino by 7,370.4% during the second quarter. IFP Advisors Inc now owns 2,017 shares of the company’s stock valued at $33,000 after acquiring an additional 1,990 shares during the period. Versant Capital Management Inc raised its holdings in nCino by 664.9% during the second quarter. Versant Capital Management Inc now owns 2,417 shares of the company’s stock valued at $40,000 after acquiring an additional 2,101 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of nCino by 5,250.0% in the first quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the company’s stock valued at $50,000 after acquiring an additional 3,255 shares in the last quarter. Finally, Essential Partners LLC lifted its position in shares of nCino by 9,400.0% in the first quarter. Essential Partners LLC now owns 3,800 shares of the company’s stock valued at $57,000 after acquiring an additional 3,760 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NCNO shares. Zacks Research lowered nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of nCino in a research note on Tuesday, August 25th. Truist Financial boosted their price target on nCino from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, August 26th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of nCino in a research note on Wednesday, August 26th. Finally, Stephens started coverage on nCino in a research note on Friday, October 16th. They issued an “overweight” rating and a $26.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.42.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino’s recently launched AI suite could offer a growth opportunity. Investor attention may turn to adoption and management’s outlook when the company reports earnings in December. Article: nCino stock approaches December earnings after AI suite launch
• Neutral Sentiment: Several nCino executives and insiders, including CEO Sean Desmond and CFO Gregory Orenstein, sold shares. The reported transactions totaled about 66,700 shares, but were described as covering tax withholding on vested equity awards; the CEO’s sales were made under a pre-arranged trading plan. This may draw attention, though the stated reasons make it a limited indicator of their view on NCNO. Article: Insider Selling: nCino SVP Sells 905 Shares

nCino Stock Performance

NCNO opened at $22.67 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 75.57 and a beta of 0.77. The company has a fifty day moving average of $21.22 and a 200 day moving average of $18.32. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $27.50.

Insider Activity at nCino

In other nCino news, CEO Sean Desmond sold 11,757 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $22.81, for a total transaction of $268,177.17. Following the completion of the transaction, the chief executive officer owned 1,257,460 shares of the company’s stock, valued at $28,682,662.60. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Pierre Naude sold 4,770 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $22.73, for a total value of $108,422.10. Following the transaction, the director owned 1,111,937 shares of the company’s stock, valued at approximately $25,274,328.01. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 133,610 shares of company stock worth $2,883,725 in the last quarter. 1.90% of the stock is owned by company insiders.

nCino Profile

nCino, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help institutions modernize banking operations, improve customer experiences and manage lending and deposit-related processes through a centralized, cloud-based environment.

The company’s products support commercial, small-business and consumer lending; account opening and onboarding; deposit account management; loan origination and servicing; portfolio management; and related reporting and workflow automation.