nCino Inc. $NCNO Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in nCino Inc. (NASDAQ:NCNO) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,924,703 shares of the company’s stock after purchasing an additional 201,499 shares during the period. Vanguard Group Inc. owned approximately 0.10% of nCino worth $323,279,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NCNO. Long Path Partners LP raised its stake in nCino by 61.1% during the second quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after buying an additional 1,815,868 shares in the last quarter. Bamco Inc. NY lifted its position in shares of nCino by 12.0% in the 2nd quarter. Bamco Inc. NY now owns 2,052,953 shares of the company’s stock worth $57,421,000 after buying an additional 220,028 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of nCino by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,760,447 shares of the company’s stock valued at $49,247,000 after buying an additional 94,733 shares during the period. Spyglass Capital Management LLC bought a new stake in shares of nCino during the 2nd quarter valued at about $44,190,000. Finally, Owls Nest Partners IA LLC acquired a new stake in nCino during the second quarter worth about $33,442,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NCNO. Zacks Research cut nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of nCino in a research note on Thursday, December 4th. UBS Group reissued a “buy” rating and issued a $36.00 price objective on shares of nCino in a research note on Tuesday, December 9th. Piper Sandler decreased their target price on nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

nCino Trading Down 2.9%

NASDAQ NCNO opened at $16.14 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The firm’s fifty day simple moving average is $21.59 and its 200-day simple moving average is $25.06. The company has a market capitalization of $1.85 billion, a PE ratio of -89.67, a price-to-earnings-growth ratio of 3.28 and a beta of 0.55.

nCino (NASDAQ:NCNO) last posted its earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.20 by $0.11. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. 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, sell-side analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

nCino announced that its board has authorized a stock buyback program on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at nCino

In other news, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of the transaction, the director directly owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeanette Sellers sold 2,182 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $18.26, for a total transaction of $39,843.32. Following the transaction, the senior vice president owned 43,219 shares of the company’s stock, valued at approximately $789,178.94. This represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 78,641 shares of company stock valued at $1,559,400. 5.70% of the stock is 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.