Moody Aldrich Partners LLC Sells 3,257 Shares of nCino, Inc. (NASDAQ:NCNO)

Moody Aldrich Partners LLC lessened its stake in shares of nCino, Inc. (NASDAQ:NCNO) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,316 shares of the company’s stock after selling 3,257 shares during the quarter. Moody Aldrich Partners LLC owned about 0.10% of nCino worth $3,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its holdings in shares of nCino by 21.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after acquiring an additional 341 shares during the last quarter. Malaga Cove Capital LLC boosted its holdings in nCino by 3.0% in the 3rd quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock worth $430,000 after buying an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in nCino by 3.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock worth $459,000 after buying an additional 508 shares during the period. Precision Wealth Strategies LLC boosted its holdings in nCino by 4.5% in the 3rd quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock worth $428,000 after buying an additional 589 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in nCino by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock valued at $465,000 after purchasing an additional 822 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Transactions at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the completion of the sale, the director now directly owns 4,458,591 shares in the company, valued at approximately $156,050,685. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 6,238,084 shares of company stock worth $224,795,630. Corporate insiders own 28.40% of the company’s stock.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $34.81 on Wednesday. The firm’s 50 day moving average price is $35.96 and its 200-day moving average price is $34.51. nCino, Inc. has a 52-week low of $28.09 and a 52-week high of $43.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

Several research analysts have commented on NCNO shares. Needham & Company LLC raised their price target on shares of nCino from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird decreased their target price on shares of nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Macquarie lifted their target price on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Piper Sandler restated a “neutral” rating and issued a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.