31,007 Shares in nCino Inc. $NCNO Acquired by Integrity Alliance LLC.

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

Several other large investors also recently bought and sold shares of NCNO. State of Wyoming lifted its position in nCino by 16.5% during the third quarter. State of Wyoming now owns 41,001 shares of the company’s stock valued at $743,000 after purchasing an additional 5,810 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of nCino by 6.0% in the 3rd quarter. Angeles Wealth Management LLC now owns 36,010 shares of the company’s stock worth $653,000 after buying an additional 2,052 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of nCino by 605.7% in the 3rd quarter. Sterling Capital Management LLC now owns 3,458 shares of the company’s stock worth $63,000 after buying an additional 2,968 shares during the last quarter. Sepio Capital LP increased its holdings in shares of nCino by 942.4% in the 3rd quarter. Sepio Capital LP now owns 189,047 shares of the company’s stock worth $3,427,000 after buying an additional 170,912 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of nCino in the 3rd quarter worth about $80,000. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NCNO. Truist Financial increased their price target on shares of nCino from $19.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, August 26th. Citigroup reiterated a “market outperform” rating on shares of nCino in a research report on Wednesday, August 26th. Piper Sandler began coverage on nCino in a research note on Monday, August 24th. They set an “overweight” rating and a $25.00 price objective on the stock. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Stephens began coverage on nCino in a research note on Friday, October 16th. They issued an “overweight” rating and a $26.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.42.

Key nCino News

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

Insider Activity

In related news, CFO Gregory Orenstein sold 12,015 shares of nCino stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $22.73, for a total transaction of $273,100.95. Following the completion of the transaction, the chief financial officer directly owned 678,498 shares of the company’s stock, valued at approximately $15,422,259.54. The trade was a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 nCino stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $22.73, for a total transaction of $108,422.10. Following the transaction, the director directly owned 1,111,937 shares of the company’s stock, valued at approximately $25,274,328.01. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 133,610 shares of company stock worth $2,883,725 over the last 90 days. Insiders own 1.90% of the company’s stock.

nCino Trading Down 2.3%

NCNO stock opened at $22.67 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $27.50. 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 firm’s fifty day simple moving average is $21.22 and its two-hundred day simple moving average is $18.32.

nCino Company 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.