Gagnon Securities LLC Sells 88,091 Shares of nCino Inc. $NCNO

Key Points

• Gagnon Securities LLC sold 88,091 shares of nCino Inc., reducing its holdings by 70.6%, resulting in ownership of 36,732 shares valued at approximately $1,027,000.
• Analysts have issued mixed ratings for nCino, with a consensus rating of "Hold" and an average price target of $33.94, while JMP Securities and Needham & Company raised their price objectives to $41.00 and $38.00, respectively.
• In recent trading, nCino shares opened at $25.60, with a market cap of $2.96 billion and a reported quarterly revenue of $148.82 million, reflecting a 12.4% year-over-year increase.

Gagnon Securities LLC decreased its holdings in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 70.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,732 shares of the company's stock after selling 88,091 shares during the quarter. Gagnon Securities LLC's holdings in nCino were worth $1,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NCNO. Wealth Enhancement Advisory Services LLC bought a new position in shares of nCino during the fourth quarter valued at approximately $227,000. GAMMA Investing LLC grew its stake in nCino by 2,170.3% in the first quarter. GAMMA Investing LLC now owns 7,719 shares of the company's stock worth $212,000 after purchasing an additional 7,379 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in nCino by 5.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 43,355 shares of the company's stock worth $1,191,000 after purchasing an additional 2,050 shares in the last quarter. Precision Wealth Strategies LLC grew its stake in nCino by 10.5% in the first quarter. Precision Wealth Strategies LLC now owns 15,779 shares of the company's stock worth $433,000 after purchasing an additional 1,501 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in nCino in the first quarter worth approximately $82,000. Institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCNO. JMP Securities increased their price objective on nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 27th. Needham & Company LLC increased their price objective on nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a research note on Saturday, September 27th. Bank of America increased their price objective on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Finally, Baird R W raised nCino from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, nCino has a consensus rating of "Hold" and an average price target of $33.94.

nCino Stock Performance

Shares of NCNO opened at $25.60 on Wednesday. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $43.20. The stock has a fifty day moving average price of $28.74 and a 200-day moving average price of $27.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.96 billion, a PE ratio of -88.28, a P/E/G ratio of 16.41 and a beta of 0.64.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 EPS 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 firm had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business'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 research analysts predict that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $127,889.55. Following the completion of the sale, the director owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. This represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeff Horing sold 3,889,254 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $30.00, for a total value of $116,677,620.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,480,723 shares of company stock worth $135,667,553. Company insiders own 5.70% of the company's stock.

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.

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.