Dynamic Technology Lab Private Ltd Has $325,000 Stock Position 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 cut its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 large investors have also bought and sold shares of the stock. Covestor Ltd lifted its stake in shares of nCino by 27.6% in the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after buying an additional 517 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of nCino by 22.5% in the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after purchasing an additional 538 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in nCino during the first quarter valued at approximately $82,000. Asset Management One Co. Ltd. grew its stake in nCino by 63.1% during the first quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock valued at $102,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in nCino during the first quarter valued at approximately $102,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeff Horing sold 3,889,254 shares of nCino stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre Naude sold 4,659 shares of nCino 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 in the company, valued at $32,733,054.45. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,480,723 shares of company stock valued at $135,667,553 in the last three months. Company insiders own 5.70% of the company's stock.

nCino Stock Performance

NASDAQ NCNO opened at $30.09 on Friday. The stock has a fifty day simple moving average of $29.34 and a 200-day simple moving average of $27.28. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The stock has a market cap of $3.48 billion, a PE ratio of -103.76, a P/E/G ratio of 20.09 and a beta of 0.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings data 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. 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 1.18% and a negative net margin of 5.86%.The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last 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. Equities analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

NCNO has been the subject of a number of research reports. Barclays upped their price objective on shares of nCino from $31.00 to $37.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial increased their price objective on shares of nCino from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Morgan Stanley increased their price objective on shares of nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Piper Sandler lifted their price objective on shares of nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Finally, JMP Securities lifted their price objective on nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.

Want to see what other hedge funds are holding NCNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nCino Inc. (NASDAQ:NCNO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.