Advantage Alpha Capital Partners LP Trims Stock Position in nCino, Inc. (NASDAQ:NCNO)

Advantage Alpha Capital Partners LP trimmed its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 37.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,541 shares of the company’s stock after selling 63,410 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in nCino were worth $3,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of nCino by 9.6% during the fourth quarter. Vanguard Group Inc. now owns 10,830,773 shares of the company’s stock worth $363,697,000 after purchasing an additional 948,282 shares during the last quarter. Long Path Partners LP increased its stake in nCino by 43.7% in the 3rd quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after buying an additional 1,131,271 shares during the period. ShawSpring Partners LLC raised its position in nCino by 115.9% during the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock worth $83,830,000 after buying an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of nCino by 65.1% in 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, Conestoga Capital Advisors LLC purchased a new stake in shares of nCino in the fourth quarter valued at about $70,256,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at nCino

In other news, CEO Sean Desmond sold 5,034 shares of nCino stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the transaction, the chief executive officer now directly owns 306,477 shares in the company, valued at approximately $9,991,150.20. This trade represents a 1.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff Horing sold 54,876 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the sale, the director now owns 4,458,591 shares of the company’s stock, valued at approximately $156,050,685. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,877 shares of company stock valued at $2,963,893 in the last quarter. Corporate insiders own 28.40% of the company’s stock.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $28.50 on Monday. The company has a market cap of $3.30 billion, a PE ratio of -167.64, a P/E/G ratio of 5.77 and a beta of 0.66. nCino, Inc. has a fifty-two week low of $27.29 and a fifty-two week high of $43.20. The firm has a 50-day simple moving average of $31.81 and a 200 day simple moving average of $34.23. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

NCNO has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, December 6th. Macquarie lifted their price target on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Thursday, December 5th. Stephens restated an “equal weight” rating and set a $38.00 target price on shares of nCino in a research report on Thursday. Finally, Scotiabank increased their price target on shares of nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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 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.