Dynamic Technology Lab Private Ltd Lowers Holdings in nCino Inc. $NCNO

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in nCino Inc. by 55.2% in the first quarter, now holding a stock position valued at $325,000.
• Director Jeff Horing sold over 3.8 million shares of nCino stock for approximately $116.68 million on September 8th, contributing to a total of 4.48 million shares sold by insiders in the past three months.
• Analysts have raised their price targets for nCino, with Barclays adjusting their estimate from $31 to $37, and an average target price now at $33.94.

Dynamic Technology Lab Private Ltd trimmed its position in nCino Inc. (NASDAQ:NCNO - Free Report) by 55.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,815 shares of the company's stock after selling 14,562 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in nCino were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd increased its holdings in shares of nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. boosted its position in nCino by 22.5% during the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after purchasing an additional 538 shares in the last quarter. Xponance Inc. grew its stake in nCino by 7.9% in the first quarter. Xponance Inc. now owns 8,954 shares of the company's stock valued at $246,000 after purchasing an additional 656 shares during the last quarter. Angeles Wealth Management LLC grew its stake in nCino by 13.4% in the first quarter. Angeles Wealth Management LLC now owns 7,402 shares of the company's stock valued at $203,000 after purchasing an additional 877 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in nCino by 5.1% in the first quarter. Arizona State Retirement System now owns 28,223 shares of the company's stock worth $775,000 after purchasing an additional 1,381 shares in the last quarter. Institutional investors own 94.76% of the company's stock.

Insider Buying and Selling

In other news, Director Pierre Naude sold 4,659 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $127,889.55. Following the sale, the director directly owned 1,192,461 shares of the company's stock, valued at $32,733,054.45. This represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Horing sold 3,889,254 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The disclosure for this sale can be found here. Insiders have sold 4,480,723 shares of company stock worth $135,667,553 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.

nCino Stock Performance

NCNO stock traded down $0.08 during midday trading on Thursday, reaching $30.55. The stock had a trading volume of 1,398,778 shares, compared to its average volume of 2,425,901. The firm has a fifty day simple moving average of $29.44 and a two-hundred day simple moving average of $27.27. 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 quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $3.54 billion, a PE ratio of -105.34, a P/E/G ratio of 20.20 and a beta of 0.71.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NCNO shares. Stephens raised their price target on shares of nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. Bank of America raised their target price on shares of nCino from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. UBS Group reaffirmed a "neutral" rating on shares of nCino in a report on Wednesday, August 27th. Keefe, Bruyette & Woods increased their price objective on nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 29th. Finally, Barclays raised their price objective on nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $33.94.

nCino 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.