Index Fund Advisors Inc. Makes New $436,000 Investment in nCino Inc. $NCNO

Key Points

• Index Fund Advisors Inc. has made a new investment of approximately $436,000 in nCino Inc., acquiring 15,590 shares of the company's stock during the second quarter.
• nCino recently reported a Q2 earnings per share (EPS) of $0.22, exceeding analysts' expectations of $0.14 and marking a 12.4% increase in revenue compared to the same quarter last year.
• The consensus rating for nCino's stock is currently a "Hold" with an average price target of $33.94, reflecting varying analysts' opinions on its performance.

Index Fund Advisors Inc. acquired a new stake in nCino Inc. (NASDAQ:NCNO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,590 shares of the company's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Hilltop National Bank bought a new stake in shares of nCino in the second quarter valued at approximately $42,000. Covestor Ltd raised its holdings in 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 in the last quarter. First Horizon Advisors Inc. lifted its position in shares of nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after acquiring an additional 538 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of nCino during the 1st quarter worth $82,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of nCino by 63.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock worth $102,000 after purchasing an additional 1,439 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino Stock Performance

Shares of nCino stock opened at $25.02 on Monday. The company's 50 day moving average price is $28.59 and its two-hundred day moving average price is $27.04. The firm has a market capitalization of $2.90 billion, a P/E ratio of -86.28, a P/E/G ratio of 15.76 and a beta of 0.64. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The company 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%.nCino's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at nCino

In other nCino news, CFO Gregory Orenstein sold 4,155 shares of the business's 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 $114,054.75. Following the sale, the chief financial officer directly owned 466,099 shares of the company's stock, valued at $12,794,417.55. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider April Rieger sold 3,028 shares of the company's 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 $83,118.60. Following the completion of the transaction, the insider owned 240,523 shares of the company's stock, valued at approximately $6,602,356.35. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,480,723 shares of company stock valued at $135,667,553. Corporate insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

NCNO has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Needham & Company LLC upped their price target on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. Zacks Research lowered shares of nCino from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. William Blair upgraded shares of nCino from a "market perform" rating to an "outperform" rating in a research report on Friday. Finally, Baird R W raised nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" 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.

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