Connor Clark & Lunn Investment Management Ltd. Has $958,000 Stake in nCino Inc. $NCNO

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,878 shares of the company's stock after selling 64,870 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in nCino were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in nCino by 139.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,241,017 shares of the company's stock worth $108,834,000 after purchasing an additional 1,889,283 shares in the last quarter. Capital International Investors raised its holdings in nCino by 57.4% during the fourth quarter. Capital International Investors now owns 4,691,204 shares of the company's stock worth $157,531,000 after purchasing an additional 1,710,893 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 worth $97,398,000 after purchasing an additional 1,694,218 shares in the last quarter. 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 worth $320,491,000 after purchasing an additional 836,182 shares in the last quarter. Finally, Capital Research Global Investors bought a new stake in nCino during the fourth quarter worth approximately $23,274,000. Institutional investors own 94.76% of the company's stock.

nCino Trading Down 0.4%

NASDAQ NCNO traded down $0.10 on Thursday, hitting $27.78. 559,723 shares of the stock were exchanged, compared to its average volume of 1,717,063. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -106.78, a P/E/G ratio of 27.72 and a beta of 0.77. The company's 50-day moving average price is $28.28 and its two-hundred day moving average price is $27.58.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The firm had revenue of $144.14 million for the quarter, compared to analysts' expectations of $139.77 million. During the same period in the previous year, the company posted $0.19 EPS. The company's quarterly revenue was up 12.5% compared to the same quarter last year. nCino has set its Q2 2026 guidance at 0.130-0.140 EPS. FY 2026 guidance at 0.690-0.720 EPS. Research analysts predict that nCino Inc. will post 0.12 EPS for the current year.

Insider Activity

In other nCino news, CEO Sean Desmond sold 9,550 shares of nCino 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 directly owned 628,603 shares in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider April Rieger sold 3,028 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 $83,118.60. Following the transaction, the insider owned 240,523 shares in the company, valued at approximately $6,602,356.35. This represents a 1.24% 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on NCNO. Citigroup reissued an "outperform" rating on shares of nCino in a report on Monday, June 9th. Needham & Company LLC reissued a "buy" rating and set a $33.00 target price on shares of nCino in a report on Thursday, May 29th. Morgan Stanley lifted their price target on shares of nCino from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. assumed coverage on shares of nCino in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 price target on the stock. Finally, Piper Sandler restated a "neutral" rating and issued a $28.00 price target (up previously from $25.00) on shares of nCino in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, nCino currently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

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.