Bamco Inc. NY Invests $30.54 Million in nCino Inc. $NCNO

Bamco Inc. NY bought a new position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,867,719 shares of the company's stock, valued at approximately $30,537,000. Bamco Inc. NY owned approximately 1.70% of nCino at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NCNO. Farther Finance Advisors LLC raised its holdings in nCino by 76.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company's stock worth $43,000 after purchasing an additional 722 shares in the last quarter. Captrust Financial Advisors increased its position in shares of nCino by 1.2% during the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company's stock worth $1,701,000 after purchasing an additional 743 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of nCino by 14.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company's stock worth $153,000 after purchasing an additional 765 shares in the last quarter. CWM LLC lifted its holdings in shares of nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after purchasing an additional 821 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock valued at $46,000 after purchasing an additional 987 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Insider Activity at nCino

In other news, Director Pierre Naude sold 4,677 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total value of $89,891.94. Following the transaction, the director directly owned 1,116,707 shares of the company's stock, valued at approximately $21,463,108.54. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeanette Sellers sold 1,536 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $19.53, for a total value of $29,998.08. Following the transaction, the senior vice president owned 48,453 shares in the company, valued at approximately $946,287.09. This represents a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 83,350 shares of company stock worth $1,568,144 in the last quarter. Corporate insiders own 1.90% of the company's stock.

nCino Price Performance

nCino stock opened at $21.51 on Thursday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 71.70 and a beta of 0.66. The company's fifty day moving average price is $18.02 and its 200 day moving average price is $16.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. nCino Inc. has a 1 year low of $13.80 and a 1 year high of $33.92.

Key nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Quarterly results exceeded key estimates. nCino reported approximately $161 million in revenue, up 8.2% year over year and above consensus expectations. Adjusted earnings were reported at $0.30 per share, ahead of the $0.28 consensus estimate, although some reports cited GAAP EPS of $0.05. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management authorized an additional $100 million stock-repurchase program, potentially supporting per-share value and signaling confidence in nCino’s financial position. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: AI adoption is gaining traction. CEO Sean Desmond said early customers have consumed their initial credits for nCino’s AI agents and returned to purchase more, suggesting potential for recurring expansion revenue. Banks Double Down on nCino AI Agents After Using Initial Credits
• Neutral Sentiment: Analyst sentiment was mixed. Citizens JMP raised its target to $25 and maintained an outperform rating, while Needham reaffirmed Buy with a $25 target. BTIG reiterated Neutral, and Truist raised its target to $20 but kept a Hold rating.
• Negative Sentiment: The earnings reaction was pressured by conflicting EPS figures and valuation concerns. Reports citing $0.05 GAAP EPS showed a miss versus consensus, while the adjusted-EPS beat was stronger. With a high price-to-earnings ratio, investors may demand continued rapid growth.
• Negative Sentiment: Guidance was broadly in line rather than sharply above expectations. Fiscal 2027 revenue guidance of $644 million-$647 million was close to the $644.5 million consensus, while third-quarter guidance of $161.3 million-$163.3 million also bracketed estimates. nCino Stock Drops Despite Strong Q2 Earnings Beat

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NCNO. JPMorgan Chase & Co. boosted their target price on nCino from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, June 22nd. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of nCino in a report on Wednesday. Piper Sandler assumed coverage on nCino in a research note on Monday. They set an "overweight" rating and a $25.00 price target on the stock. Wall Street Zen raised nCino from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of nCino from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.38.

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.

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