nCino Inc. $NCNO Shares Acquired by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors LLC increased its stake in nCino Inc. by 24% in Q2, acquiring 516,635 additional shares, bringing its total to 2,669,920 shares valued at approximately $74.68 million.
• Insider selling has been notable, with Director Jeff Horing selling over 3.8 million shares for $116.68 million on September 8th, contributing to a total of 4.48 million shares sold by insiders over the last three months.
• Analysts have raised target prices for nCino Inc. shares, with Needham & Company and Bank of America both setting new targets of $38, reflecting a positive outlook despite the stock's current trading margin.

Conestoga Capital Advisors LLC lifted its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 24.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,669,920 shares of the company's stock after acquiring an additional 516,635 shares during the period. Conestoga Capital Advisors LLC owned about 2.30% of nCino worth $74,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NCNO. GAMMA Investing LLC raised its position in shares of nCino by 2,170.3% during the 1st quarter. GAMMA Investing LLC now owns 7,719 shares of the company's stock valued at $212,000 after acquiring an additional 7,379 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of nCino by 20.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 62,217 shares of the company's stock valued at $1,709,000 after acquiring an additional 10,713 shares in the last quarter. Asset Management One Co. Ltd. raised its position 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 valued at $102,000 after acquiring an additional 1,439 shares in the last quarter. Legacy Advisors LLC increased its position in nCino by 64.3% in the first quarter. Legacy Advisors LLC now owns 21,819 shares of the company's stock worth $599,000 after buying an additional 8,535 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in nCino by 38.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 485,000 shares of the company's stock worth $13,323,000 after buying an additional 135,000 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at nCino

In related news, Director Jeff Horing sold 3,889,254 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Naude sold 4,659 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $127,889.55. Following the transaction, the director directly owned 1,192,461 shares of the company's stock, valued at $32,733,054.45. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Analysts Forecast Growth

Several equities research analysts have weighed in on NCNO shares. Needham & Company LLC increased their target price on nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Bank of America increased their target price on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Citigroup reaffirmed an "outperform" rating on shares of nCino in a research report on Wednesday, August 27th. Piper Sandler increased their target price on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Finally, Robert W. Baird increased their price target on nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. One equities research 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $33.94.

nCino Trading Down 1.2%

NASDAQ:NCNO opened at $23.76 on Monday. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $43.20. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -81.93, a PEG ratio of 14.96 and a beta of 0.64. The business has a fifty day moving average of $28.32 and a 200-day moving average of $26.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03.

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

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.

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