Callan Family Office LLC Acquires Shares of 22,595 nCino Inc. $NCNO

Key Points

• Callan Family Office LLC has acquired a new position in nCino Inc., purchasing 22,595 shares valued at approximately $632,000 during the second quarter.
• Shares of nCino are currently trading at $24.71, down 1.2%, with a market capitalization of $2.86 billion and a PE ratio of -85.21.
• nCino reported $0.22 earnings per share for the last quarter, surpassing analysts' estimates, with revenue increasing by 12.4% year-over-year to $148.82 million.

Callan Family Office LLC purchased a new position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,595 shares of the company's stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NCNO. Hilltop National Bank acquired a new position in shares of nCino during the second quarter worth about $42,000. Covestor Ltd increased its stake in shares of nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. increased its stake in shares of nCino by 22.5% during the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after acquiring an additional 538 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of nCino during the first quarter worth about $82,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of nCino by 63.1% during the first quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock worth $102,000 after acquiring an additional 1,439 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Stock Down 1.2%

Shares of NASDAQ NCNO opened at $24.71 on Tuesday. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The company has a market capitalization of $2.86 billion, a PE ratio of -85.21, a price-to-earnings-growth ratio of 15.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. The firm's 50-day moving average is $28.52 and its two-hundred day moving average is $27.01.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The company had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company's revenue for the quarter 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 analysts anticipate that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NCNO shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of nCino in a research note on Wednesday, October 8th. Truist Financial upped their target price on shares of nCino from $27.00 to $32.00 and gave the stock a "hold" rating in a research report on Wednesday, August 27th. Barclays upped their target price on shares of nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Zacks Research lowered shares of nCino from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Citigroup restated an "outperform" rating on shares of nCino in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.94.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 9,550 shares of the company'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 transaction of $262,147.50. Following the transaction, the chief executive officer owned 628,603 shares of the company's stock, valued at approximately $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Orenstein sold 4,155 shares of the company'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 transaction of $114,054.75. Following the transaction, the chief financial officer directly owned 466,099 shares in the company, valued at $12,794,417.55. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is owned by corporate insiders.

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.

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