nCino Inc. $NCNO Shares Bought by Untitled Investments LP

Key Points

• Untitled Investments LP increased its stake in nCino Inc. by 29.2%, acquiring an additional 80,390 shares and making it the 11th largest position in their portfolio.
• Analysts have raised price targets for nCino, with Keefe, Bruyette & Woods setting it at $33.00 and JMP Securities at $41.00, indicating optimism about the company's growth.
• CEO Sean Desmond sold 9,550 shares at an average price of $27.45, which represents a 1.50% decrease in his ownership, while insiders have sold a total of 564,772 shares worth over $18 million in the last quarter.

Untitled Investments LP lifted its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 356,127 shares of the company's stock after acquiring an additional 80,390 shares during the period. nCino accounts for approximately 2.8% of Untitled Investments LP's portfolio, making the stock its 11th biggest holding. Untitled Investments LP owned 0.31% of nCino worth $9,783,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Covestor Ltd boosted its stake in shares of nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after acquiring an additional 517 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of nCino by 22.5% during the first 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 last quarter. Xponance Inc. boosted its stake in shares of nCino by 7.9% during the first quarter. Xponance Inc. now owns 8,954 shares of the company's stock valued at $246,000 after acquiring an additional 656 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of nCino by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 24,656 shares of the company's stock valued at $828,000 after acquiring an additional 772 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in nCino by 13.4% in the 1st quarter. Angeles Wealth Management LLC now owns 7,402 shares of the company's stock worth $203,000 after buying an additional 877 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Buying and Selling at nCino

In related 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 sale, the chief executive officer directly owned 628,603 shares in the company, valued at approximately $17,255,152.35. This trade represents a 1.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gregory Orenstein sold 4,155 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 $114,054.75. Following the sale, the chief financial officer owned 466,099 shares in the company, valued at approximately $12,794,417.55. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,480,723 shares of company stock worth $135,667,553. Insiders own 5.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NCNO. Bank of America raised their price target on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. JMP Securities raised their price target on nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 27th. Robert W. Baird raised 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. Zacks Research lowered nCino from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Barclays raised their price target on nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $33.94.

nCino Trading Down 1.4%

Shares of nCino stock traded down $0.42 during trading hours on Friday, reaching $30.05. The stock had a trading volume of 467,958 shares, compared to its average volume of 1,802,257. The firm has a 50 day simple moving average of $29.32 and a two-hundred day simple moving average of $27.29. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -103.64, a P/E/G ratio of 19.77 and a beta of 0.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $43.20.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The company's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, equities research analysts anticipate 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.