Segall Bryant & Hamill LLC Has $4.83 Million Stock Holdings in nCino, Inc. (NASDAQ:NCNO)

Segall Bryant & Hamill LLC reduced its position in shares of nCino, Inc. (NASDAQ:NCNO) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,717 shares of the company’s stock after selling 55,335 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in nCino were worth $4,826,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in 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 buying an additional 948,282 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of nCino during the fourth quarter worth about $608,000. Sei Investments Co. raised its holdings in shares of nCino by 59.5% in the 4th quarter. Sei Investments Co. now owns 533,747 shares of the company’s stock worth $17,923,000 after acquiring an additional 199,124 shares during the last quarter. American Century Companies Inc. lifted its position in nCino by 9.2% in the 4th quarter. American Century Companies Inc. now owns 999,761 shares of the company’s stock valued at $33,572,000 after acquiring an additional 83,953 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its stake in nCino by 66.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 8,000 shares of the company’s stock valued at $268,000 after purchasing an additional 3,200 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NCNO. KeyCorp restated a “sector weight” rating on shares of nCino in a report on Monday, February 3rd. Barclays upgraded nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research note on Monday, January 6th. Needham & Company LLC upped their target price on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Macquarie raised their price target on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Robert W. Baird reduced their price objective on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.00.

Insider Transactions at nCino

In other nCino news, insider April Rieger sold 4,325 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the sale, the insider now directly owns 145,953 shares of the company’s stock, valued at $4,758,067.80. This represents a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean Desmond sold 5,034 shares of nCino stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the completion of the transaction, the chief executive officer now owns 306,477 shares of the company’s stock, valued at $9,991,150.20. The trade was a 1.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is owned by company insiders.

nCino Price Performance

Shares of NASDAQ NCNO opened at $29.49 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $31.52 and a two-hundred day simple moving average of $34.15. nCino, Inc. has a 1-year low of $27.29 and a 1-year high of $43.20. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -173.46, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66.

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.