Why a $125 Million Exit From nCino Matters as Shares Are Down 29% This Past Year

On November 14, New York City-based Insight Holdings Group disclosed a full exit from nCino (NASDAQ:NCNO), selling nearly 4.5 million shares for an estimated $124.7 million.According to a November 14 SEC filing, Insight Holdings Group liquidated its entire holding in nCino (NASDAQ:NCNO) during the third quarter. The firm sold nearly 4.5 million shares, with the estimated trade value based on quarterly average pricing at $124.7 million. The fund’s reportable U.S. equity assets fell by 32% quarter over quarter, reflecting broader portfolio downsizing.Insight's nCino position previously represented 5.2% of AUM as of the prior quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool