Lecap Asset Management Ltd. Makes New Investment in nCino Inc. $NCNO

Lecap Asset Management Ltd. acquired a new stake in nCino Inc. (NASDAQ:NCNO) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,472 shares of the company’s stock, valued at approximately $826,000.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of nCino by 186.4% during the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares during the last quarter. Hilltop National Bank purchased a new stake in nCino during the 2nd quarter worth about $42,000. Parallel Advisors LLC boosted its position in shares of nCino by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock worth $119,000 after acquiring an additional 816 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of nCino by 15.2% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock valued at $120,000 after acquiring an additional 566 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NCNO. William Blair upgraded nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a report on Monday, October 27th. Keefe, Bruyette & Woods upped their target price on shares of nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.27.

nCino Stock Performance

Shares of nCino stock opened at $25.11 on Friday. The firm’s fifty day simple moving average is $25.25 and its 200-day simple moving average is $27.21. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $35.04. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -139.50, a PEG ratio of 6.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same period last year, the firm posted $0.21 EPS. nCino’s revenue for the quarter was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, equities analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

nCino declared that its Board of Directors has approved a share buyback program on Monday, December 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 3.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at nCino

In other nCino news, CFO Gregory Orenstein sold 4,353 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $112,350.93. Following the completion of the sale, the chief financial officer directly owned 461,746 shares of the company’s stock, valued at $11,917,664.26. This represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sean Desmond sold 10,006 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $258,254.86. Following the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at $15,965,988.57. The trade was a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,780 shares of company stock worth $1,028,550 over the last three months. 5.70% of the stock is currently owned by company insiders.

About nCino

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.