Invesco Ltd. Purchases 94,940 Shares of nCino Inc. $NCNO

Key Points

• Invesco Ltd. increased its stake in nCino Inc. by 3.6% during the first quarter, owning a total of 2,697,437 shares valued at approximately $74.1 million.
• Several institutional investors also raised their positions in nCino, including Vanguard Group, which increased its holdings by 7.7% to 11.67 million shares valued at approximately $320.5 million.
• Analysts maintain a consensus rating of "Moderate Buy" for nCino, with a target price of around $31.13, indicating potential growth.

Invesco Ltd. increased its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,697,437 shares of the company's stock after purchasing an additional 94,940 shares during the period. Invesco Ltd. owned approximately 2.34% of nCino worth $74,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after buying an additional 517 shares during the period. Swiss National Bank increased its position in nCino by 4.8% during the first quarter. Swiss National Bank now owns 190,600 shares of the company's stock worth $5,236,000 after acquiring an additional 8,800 shares during the period. Vanguard Group Inc. increased its position 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 acquiring an additional 836,182 shares during the period. Malaga Cove Capital LLC raised its stake in nCino by 30.1% in the 1st quarter. Malaga Cove Capital LLC now owns 36,201 shares of the company's stock worth $994,000 after purchasing an additional 8,384 shares in the last quarter. Finally, Algebris UK Ltd bought a new stake in nCino in the 1st quarter valued at about $6,689,000. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino Price Performance

Shares of NASDAQ NCNO traded down $0.2050 during mid-day trading on Thursday, hitting $27.6750. 62,319 shares of the stock traded hands, compared to its average volume of 1,714,245. The firm has a 50 day simple moving average of $28.28 and a two-hundred day simple moving average of $27.58. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The company has a market cap of $3.21 billion, a PE ratio of -106.37, a price-to-earnings-growth ratio of 27.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. nCino had a positive return on equity of 0.19% and a negative net margin of 5.27%.The company had revenue of $144.14 million during the quarter, compared to the consensus estimate of $139.77 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm's 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. As a group, equities research analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Sean Desmond sold 9,550 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the transaction, the chief executive officer directly owned 628,603 shares in the company, valued at $17,255,152.35. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider April Rieger sold 3,028 shares of the 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 sale, the insider directly owned 240,523 shares of the company's stock, valued at $6,602,356.35. This represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,603 shares of company stock valued at $593,002. Company insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NCNO shares. JPMorgan Chase & Co. initiated coverage on shares of nCino in a report on Wednesday, June 18th. They set a "neutral" rating and a $30.00 target price on the stock. Truist Financial raised their price objective on nCino from $21.00 to $27.00 and gave the stock a "hold" rating in a research note on Thursday, May 29th. Stephens lifted their price objective on nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, May 21st. UBS Group set a $28.00 target price on nCino in a research report on Thursday, May 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $33.00 price target on shares of nCino in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

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.