AlphaQuest LLC Purchases 10,351 Shares of nCino Inc. $NCNO

Key Points

• AlphaQuest LLC increased its stake in nCino Inc. by 3,935.7% in Q1, owning 10,614 shares worth approximately $292,000.
• nCino's stock opened at $32.10 with a market cap of $3.72 billion and a price-to-earnings ratio of -110.69.
• Analysts have upgraded their price targets for nCino, with JMP Securities raising theirs from $35.00 to $41.00 while maintaining a "market outperform" rating.

AlphaQuest LLC increased its stake in nCino Inc. (NASDAQ:NCNO - Free Report) by 3,935.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,614 shares of the company's stock after acquiring an additional 10,351 shares during the period. AlphaQuest LLC's holdings in nCino were worth $292,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advantage Alpha Capital Partners LP grew its holdings in nCino by 3.7% in the first quarter. Advantage Alpha Capital Partners LP now owns 109,460 shares of the company's stock worth $3,007,000 after purchasing an additional 3,919 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in nCino by 50.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock valued at $133,710,000 after acquiring an additional 1,626,446 shares during the last quarter. Quantbot Technologies LP acquired a new stake in nCino during the 1st quarter worth approximately $102,000. Northern Trust Corp lifted its holdings in nCino by 4.9% during the 1st quarter. Northern Trust Corp now owns 643,056 shares of the company's stock worth $17,665,000 after buying an additional 30,154 shares during the last quarter. Finally, Versor Investments LP acquired a new position in nCino in the first quarter valued at $359,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Stock Performance

NASDAQ NCNO traded down $0.53 during trading on Wednesday, hitting $30.55. The company's stock had a trading volume of 259,361 shares, compared to its average volume of 1,775,680. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The firm has a 50 day moving average price of $28.92 and a 200 day moving average price of $27.37. The firm has a market cap of $3.54 billion, a P/E ratio of -105.74, a price-to-earnings-growth ratio of 25.71 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $143.17 million. During the same period last year, the business earned $0.14 earnings per share. nCino'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. Equities research analysts forecast that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

NCNO has been the subject of several research analyst reports. Piper Sandler raised their price objective on nCino from $28.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. JMP Securities upped their target price on shares of nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 27th. Truist Financial upped their target price on nCino from $27.00 to $32.00 and gave the company a "hold" rating in a research report on Wednesday, August 27th. Citigroup reissued an "outperform" rating on shares of nCino in a research report on Wednesday, August 27th. Finally, Stephens boosted their price target on shares of nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.94.

Insider Buying and Selling at nCino

In other nCino news, CEO Sean Desmond sold 9,550 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the sale, the chief executive officer owned 628,603 shares in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory Orenstein sold 4,155 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $114,054.75. Following the completion of the sale, the chief financial officer owned 466,099 shares in the company, valued at $12,794,417.55. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 564,772 shares of company stock valued at $18,159,324 over the last 90 days. Company insiders own 5.70% of the company's stock.

nCino Company 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.