18,000 Shares in nCino Inc. $NCNO Acquired by Clearline Capital LP

Key Points

• Clearline Capital LP has acquired 18,000 shares of nCino Inc., valued at approximately $494,000, marking a significant investment in the company during the first quarter.
• Analysts have set new price targets for nCino, with Morgan Stanley increasing their target from $33.00 to $35.00 and JMP Securities boosting theirs from $35.00 to $41.00, with an overall average target price of $33.94.
• In the latest earnings report, nCino Inc. exceeded expectations by reporting $0.22 EPS for the quarter, compared to the consensus estimate of $0.14 EPS, also achieving a 12.4% year-over-year revenue growth.

Clearline Capital LP acquired a new position in nCino Inc. (NASDAQ:NCNO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the company's stock, valued at approximately $494,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after buying an additional 517 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after purchasing an additional 538 shares in the last quarter. Xponance Inc. lifted its holdings in shares of nCino by 7.9% during the 1st quarter. Xponance Inc. now owns 8,954 shares of the company's stock valued at $246,000 after purchasing an additional 656 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of nCino by 3.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,656 shares of the company's stock valued at $828,000 after purchasing an additional 772 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of nCino by 13.4% during the 1st quarter. Angeles Wealth Management LLC now owns 7,402 shares of the company's stock valued at $203,000 after purchasing an additional 877 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Stock Down 1.2%

NASDAQ NCNO traded down $0.37 during trading on Friday, hitting $30.09. The stock had a trading volume of 1,360,476 shares, compared to its average volume of 2,307,113. The company has a market capitalization of $3.48 billion, a PE ratio of -103.76, a P/E/G ratio of 20.09 and a beta of 0.71. The company's 50-day moving average price is $29.34 and its two-hundred day moving average price is $27.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $43.20.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The firm had revenue of $148.82 million for the quarter, compared to analysts' expectations of $143.17 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business's quarterly revenue was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, sell-side analysts forecast that nCino Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NCNO shares. Zacks Research cut nCino from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on nCino in a report on Wednesday, June 18th. They set a "neutral" rating and a $30.00 price objective on the stock. Needham & Company LLC lifted their price objective on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Morgan Stanley lifted their price objective on nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Finally, Stephens lifted their price objective on nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.94.

Insider Activity at nCino

In other news, insider April Rieger sold 3,028 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $83,118.60. Following the sale, the insider owned 240,523 shares in the company, valued at $6,602,356.35. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Gregory Orenstein sold 4,155 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $114,054.75. Following the sale, the chief financial officer owned 466,099 shares in the company, valued at approximately $12,794,417.55. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,480,723 shares of company stock worth $135,667,553. Insiders own 5.70% of the company's stock.

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.