130,324 Shares in nCino Inc. $NCNO Purchased by Azora Capital LP

Key Points

• Azora Capital LP purchased 130,324 shares of nCino Inc. for approximately $3.58 million, amounting to about 0.11% ownership of the company.
• CEO Sean Desmond sold 9,550 shares at $27.45 each, decreasing his stake by 1.50% while still holding 628,603 shares valued at around $17.26 million.
• nCino's quarterly earnings beat estimates with reported revenues of $148.82 million and earnings per share of $0.22, reflecting a 12.4% increase from the previous year.

Azora Capital LP bought a new position in nCino Inc. (NASDAQ:NCNO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,324 shares of the company's stock, valued at approximately $3,580,000. Azora Capital LP owned 0.11% of nCino as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in nCino by 7.7% during the first quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock valued at $320,491,000 after buying an additional 836,182 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in nCino by 50.2% during 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 buying an additional 1,626,446 shares in the last quarter. Soma Equity Partners LP raised its holdings in nCino by 5.7% during the fourth quarter. Soma Equity Partners LP now owns 2,917,681 shares of the company's stock valued at $97,976,000 after buying an additional 156,238 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in nCino by 140.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,900,467 shares of the company's stock valued at $97,398,000 after buying an additional 1,694,218 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of nCino by 3.6% in the first quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock worth $74,099,000 after purchasing an additional 94,940 shares during the period. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino Trading Up 0.4%

Shares of NCNO stock traded up $0.13 during trading hours on Thursday, reaching $30.75. The company had a trading volume of 578,740 shares, compared to its average volume of 1,778,035. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.05. nCino Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The company has a 50 day moving average of $29.01 and a 200 day moving average of $27.39. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -106.31, a P/E/G ratio of 25.71 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $148.82 million during the quarter, compared to analysts' expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The company's revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, equities research analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group reiterated a "neutral" rating on shares of nCino in a research note on Wednesday, August 27th. Robert W. Baird lifted their price objective on nCino from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 price objective (up from $19.00) on shares of nCino in a report on Wednesday, May 21st. Barclays lifted their price objective on nCino from $31.00 to $37.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Keefe, Bruyette & Woods boosted their target price on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. One equities research 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 company's stock. According to data from MarketBeat.com, the company has a consensus 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 business'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 sale, the chief executive officer owned 628,603 shares of the company's stock, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeff Horing sold 282,367 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $32.23, for a total transaction of $9,100,688.41. Following the sale, the director directly owned 3,915,422 shares in the company, valued at $126,194,051.06. This trade represents a 6.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 564,772 shares of company stock valued at $18,159,324 in the last three months. Corporate insiders own 5.70% of the company's stock.

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.