American Century Companies Inc. Grows Stock Holdings in nCino Inc. $NCNO

Key Points

• American Century Companies Inc. increased its stake in nCino Inc. by 0.9%, acquiring an additional 9,018 shares, bringing its total holdings to 1,008,779 shares valued at approximately $27.7 million.
• nCino's recent quarterly earnings report showed revenues of $144.14 million, surpassing analyst expectations and highlighting a 12.5% year-over-year growth.
• Several major institutional investors have significantly increased their positions in nCino, underscoring strong institutional interest in the company, with institutions collectively owning 94.76% of its stock.

American Century Companies Inc. boosted its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,008,779 shares of the company's stock after purchasing an additional 9,018 shares during the period. American Century Companies Inc. owned approximately 0.88% of nCino worth $27,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in nCino during the 4th quarter worth about $57,000. Covestor Ltd grew its position in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares during the period. First Horizon Advisors Inc. grew its position in nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after purchasing an additional 538 shares during the period. FNY Investment Advisers LLC acquired a new stake in nCino during the 1st quarter worth about $82,000. Finally, Asset Management One Co. Ltd. grew its position in nCino by 63.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock worth $102,000 after purchasing an additional 1,439 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino Price Performance

nCino stock traded up $3.82 during midday trading on Wednesday, reaching $32.51. The company had a trading volume of 6,012,735 shares, compared to its average volume of 1,757,008. The company has a market capitalization of $3.77 billion, a P/E ratio of -125.10, a P/E/G ratio of 28.26 and a beta of 0.77. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The firm's fifty day simple moving average is $28.39 and its 200-day simple moving average is $27.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $148.82 million for the quarter, compared to analyst estimates of $143.17 million. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. nCino's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. 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, equities analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

Insider Activity at nCino

In other nCino news, insider April Rieger sold 3,028 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $83,118.60. Following the transaction, the insider directly owned 240,523 shares of the company's stock, valued at $6,602,356.35. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of the firm'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 $262,147.50. Following the completion of the transaction, the chief executive officer directly owned 628,603 shares in the company, valued at $17,255,152.35. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,603 shares of company stock valued at $593,002. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on NCNO. Baird R W raised nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. JMP Securities raised their target price on nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a research report on Wednesday. Needham & Company LLC raised their target price on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James Financial raised their target price on nCino from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Barclays set a $37.00 target price on nCino and gave the company an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

About nCino

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.