nCino Inc. $NCNO Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in nCino Inc. by 2.7% in the first quarter, now holding 551,585 shares valued at approximately $15.15 million.
• Insider transactions included CEO Sean Desmond selling 9,550 shares and CFO Gregory Orenstein selling 4,155 shares on August 4th, both at an average price of $27.45.
• nCino has reported a 12.5% year-over-year revenue increase with Q1 revenue reaching $144.14 million, slightly exceeding analysts' expectations of $139.77 million.

Charles Schwab Investment Management Inc. decreased its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 551,585 shares of the company's stock after selling 15,042 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.48% of nCino worth $15,152,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NCNO. Dimensional Fund Advisors LP lifted its holdings in nCino by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock valued at $53,948,000 after acquiring an additional 99,502 shares during the period. Tower Research Capital LLC TRC lifted its holdings in nCino by 549.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock valued at $370,000 after acquiring an additional 9,316 shares during the period. Dark Forest Capital Management LP acquired a new position in nCino in the fourth quarter valued at approximately $306,000. Price T Rowe Associates Inc. MD lifted its holdings in nCino by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company's stock valued at $3,144,000 after acquiring an additional 8,917 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in nCino in the fourth quarter valued at approximately $2,551,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sean Desmond sold 9,550 shares of the stock in a transaction 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 approximately $17,255,152.35. This represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pierre Naude sold 4,659 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $127,889.55. Following the transaction, the director owned 1,192,461 shares of the company's stock, valued at approximately $32,733,054.45. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,603 shares of company stock valued at $593,002. 5.70% of the stock is owned by company insiders.

nCino Trading Down 2.6%

Shares of NCNO traded down $0.85 during midday trading on Thursday, reaching $31.84. The company had a trading volume of 1,573,649 shares, compared to its average volume of 1,769,248. nCino Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The stock has a market cap of $3.69 billion, a PE ratio of -109.59, a price-to-earnings-growth ratio of 28.58 and a beta of 0.77. The firm has a 50 day simple moving average of $28.50 and a 200-day simple moving average of $27.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The business 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 1.17% and a negative net margin of 5.86%.The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stephens boosted their price target on nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Barclays boosted their price objective on nCino from $31.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday. Baird R W upgraded nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Needham & Company LLC boosted their price objective on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.