nCino, Inc. (NASDAQ:NCNO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its position in nCino, Inc. (NASDAQ:NCNO) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 469,241 shares of the company’s stock after selling 83,842 shares during the period. Janus Henderson Group PLC owned approximately 0.41% of nCino worth $14,823,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of nCino by 11.4% during the third quarter. HighTower Advisors LLC now owns 16,906 shares of the company’s stock valued at $531,000 after buying an additional 1,724 shares during the last quarter. Centiva Capital LP acquired a new stake in nCino in the 3rd quarter valued at approximately $290,000. Cinctive Capital Management LP bought a new stake in nCino during the 3rd quarter valued at $1,321,000. ArrowMark Colorado Holdings LLC boosted its position in nCino by 65.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after acquiring an additional 828,124 shares during the period. Finally, Bamco Inc. NY boosted its position in nCino by 50.0% during the 3rd quarter. Bamco Inc. NY now owns 1,499,640 shares of the company’s stock worth $47,374,000 after acquiring an additional 499,640 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at nCino

In other news, Director William J. Ruh sold 10,000 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the transaction, the director now owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. This represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory Orenstein sold 3,885 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were 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 $9,705,064.60. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,235,029 shares of company stock worth $117,599,204 over the last three months. Corporate insiders own 28.40% of the company’s stock.

nCino Stock Up 0.3 %

nCino stock opened at $37.41 on Friday. The company has a market capitalization of $4.32 billion, a P/E ratio of -220.05, a P/E/G ratio of 35.24 and a beta of 0.59. nCino, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20. The firm’s fifty day simple moving average is $37.84 and its 200-day simple moving average is $33.65. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NCNO. Needham & Company LLC increased their target price on shares of nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James upgraded shares of nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Tuesday, September 3rd. Macquarie boosted their target price on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $42.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley lowered their price target on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.38.

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.