Kayne Anderson Rudnick Investment Management LLC Sells 80,603 Shares of nCino Inc. $NCNO

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in nCino Inc. by 1.2%, holding about 6.81 million shares valued at approximately $187.12 million at the end of the first quarter.
• Multiple institutional investors have increased their positions in nCino, with a reported 94.76% of the stock owned by institutional investors and hedge funds.
• nCino's stock performance shows a market capitalization of $3.37 billion, with a current trading price around $29.08 and a consensus rating of "Moderate Buy" among analysts.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in nCino Inc. (NASDAQ:NCNO - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,811,727 shares of the company's stock after selling 80,603 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 5.91% of nCino worth $187,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of nCino by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock valued at $53,948,000 after acquiring an additional 99,502 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in nCino by 549.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock valued at $370,000 after purchasing an additional 9,316 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in nCino in the fourth quarter worth about $306,000. Price T Rowe Associates Inc. MD lifted its stake in shares of nCino by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company's stock worth $3,144,000 after buying an additional 8,917 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of nCino during the fourth quarter valued at approximately $2,551,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

Insider Transactions at nCino

In related news, CEO Sean Desmond sold 9,550 shares of the business'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 $262,147.50. Following the sale, the chief executive officer owned 628,603 shares in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory Orenstein sold 4,155 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 transaction of $114,054.75. Following the sale, the chief financial officer directly owned 466,099 shares in the company, valued at approximately $12,794,417.55. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,603 shares of company stock valued at $593,002 in the last ninety days. Corporate insiders own 5.70% of the company's stock.

nCino Price Performance

NCNO traded down $0.59 during trading on Thursday, reaching $32.10. 3,097,572 shares of the company traded hands, compared to its average volume of 1,779,143. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.05. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The firm has a fifty day simple moving average of $28.50 and a 200 day simple moving average of $27.46. The company has a market cap of $3.72 billion, a P/E ratio of -110.69, a PEG ratio of 28.58 and a beta of 0.77.

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, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $148.82 million for the quarter, compared to analysts' expectations of $143.17 million. nCino had a negative net margin of 5.86% and a positive return on equity of 1.17%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous 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 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Citigroup restated an "outperform" rating on shares of nCino in a research note on Wednesday. Needham & Company LLC lifted their price target on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group restated a "neutral" rating on shares of nCino in a research report on Wednesday. Finally, Stephens upped their price objective on nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" 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.